The United States and Israel Should Be Building a More Robust Economic Relationship https://mosaicmagazine.com/picks/israel-zionism/2017/03/the-united-states-and-israel-should-be-building-a-more-robust-economic-relationship/

March 3, 2017 | Steven L. Spiegel
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While the alliance between Washington and Jerusalem is often conceived in moral and strategic terms, Steven L. Spiegel argues that more attention should be paid to its economic and technological potential:

There are . . . ample opportunities for the United States to partner with Israel on business and technology. The wide range of fields in which the two countries can cooperate include such areas as water management, medicine, pharmaceuticals, green technology, nanotechnology, cyber security, military instruments, and communications. . . . In particular, the United States and Israel need to boost the development of new security products, just as the U.S. Department of Defense is doing in partnership with Silicon Valley. . . .

Meanwhile, U.S. companies and governments (federal, state, and local) should use Israel as an incubator of innovations that could improve U.S. industries and job markets. Of course, there are other countries that hold some advantages for the United States, such as South Korea, Finland, Sweden, and Singapore. But while these and most other countries develop innovation to solve local or regional problems, Israel develops its technology from day one for the global market (since its domestic market is so small). Indeed, Israel was ranked the second-best place in the world to invest after Silicon Valley, according to the 2015 Global Venture Capital Confidence Survey. . . .

The potential for creating U.S. and Israeli jobs, and many beneficial collaborations, is so great that it is unfortunate that U.S. leaders are not making the most of these opportunities. U.S. party politics, ideological divides, and geopolitical concerns have prevented Americans from viewing Israel as a business partner. . . . The United States must develop a realistic and integrated approach to its changing association with Israel in a new era.

Read more on American Interest: http://www.the-american-interest.com/2017/02/28/putting-the-u-s-israel-relationship-to-work/