Turks Aim to Emulate Israel Tech as Erdogan Slams Netanyahu

Prime Minister Recep Tayyip Erdogan wants to catapult Turkey into the top 10 of the global economic elite over the next decade. To get there, he may need to spend more time mimicking the country he’s been feuding with.

While Turkey and Israel have both shifted to manufacturing from farming since the Jewish state was established in 1948, it’s Israel that has succeeded in building high-margin industries. The tech index on Turkey’s Borsa Istanbul has 16 members and a market value of about $790 million. Israel’s TA BlueTech-50 Index, in an economy less than one-third the size, is valued at $16.5 billion.