Part 1: Prosperity Without Peace
Israel's geopolitical situation hasn't held back a booming economy, which is getting help from international investment in the country's high-tech sector.
Warren Buffett’s Berkshire Hathaway last year paid $4 billion for an 80% stake in Israel’s Iscar, a company based just miles away from the Lebanese border. Within weeks of the American billionaire’s largest foreign acquisition, full-scale war erupted.
The Israeli economy, however, saw barely a ripple. The economy grew by more than 5% for the third consecutive year, and the stock market rose more than 20% in 2006. In part one, find out what’s behind Israel's economic prowess and whether it's an authentic boom -- or merely a bubble.