Israel has become a Goliath in the fields of medicine and technology and is the third ranking countries with NASDAQ listings, despite a small population of only seven million people, Fox Business News has noted. "The number of listings on the NASDAQ stock exchange puts Israel ahead of economic powerhouses like Germany, England and China," Fox reported, lagging behind only the United States and Canada.
"Israel is the Silicon Valley of the Mediterranean," David Anthony, a partner in 21 Ventures, told Fox. The firm is a venture capital company that has invested $75 million in Israeli companies. Among Israeli innovations are instant messaging on the Internet, wireless computer chips and medicines. "American troops use Israeli portable digital X-ray machines in Iraq and Afghanistan that don’t require film for developing and are used in battlefield situations," Fox added.