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May 15

Israel becomes an economic model for Spain

“Spain has so much to learn about Israeli economic model”, this is the conclusion that a group of economic experts have reached after attending to the Chamber of Commerce Spain-Israel.

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It is common knowledge that crisis is really hitting Spain, so Spanish economists usually try to copy what other countries do to survive this bad economic situation. They agreed that Israel is a model in this field: “innovation as the key for internationalization”.

Some Spanish economists not just take other countries as examples to reactivate the Spanish economy inside this country. They say that Spanish businesses should open market abroad because currently is difficult to success in Spain.

As a result of the Chamber of Commerce, Israel has offered Spain to support them in three different areas: good financing for innovation, technology development and culture of entrepreneurship.

In addition to all this, the Spanish Centre for the Development of Industrial Technology (CDTI) has published that 1 billion euros will be used for the internationalization of some economic projects.  

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