Armenia’s forgotten interconnector

Look at the ENTSO-E grid map for Europe and you'll see an oddity. Turkey and Armenia, which have tense relations and a closed off border, apparently share an electricity interconnector. This means that their electricity grids are physically connected, and they can theoretically import and export electricity. How is this happening? Has the need for … Continue reading Armenia’s forgotten interconnector

Thoughts on the Israeli economy 6/7

Gas sector? Note: this was written in 2015 What is currently not a driver of the Israeli economy is export-based trade of natural resources. Historically, given its small size and not ideal location, Israel was not been blessed with raw materials or naturally occurring resources in abundance. However, this is potentially about to change, with … Continue reading Thoughts on the Israeli economy 6/7

Thoughts on the Israeli economy 4/7

HIGH TECH AND INNOVATIVE SECTORS The high-tech industry that has come to play such a central role in the progression of the Israeli economy must first be defined. A high-tech business can broadly be defined as one that relies quite heavily on innovation in science and technology. Chorev and Anderson say: “The characteristics of high-tech … Continue reading Thoughts on the Israeli economy 4/7

Thoughts on the Israeli economy 1/7

Israel has not historically had a large resource base, and has instead focused on technology, research, services and tourism, and associated sectors for development. Additionally, there have been external influences to Israel’s development - immigration and direct external aid. It is difficult to correlate different factors of development with how sectors ‘drive’ the economy, but … Continue reading Thoughts on the Israeli economy 1/7