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June 15, 2012 10:40 am

Top Goldman Sachs Strategist: Israel “Top of the Table in Technology”

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Goldman Sachs Tower in Jersey City, New Jersey. PHoto: wiki commons.

Israel should be rated ahead of China and India and grouped with the U.S. as “top of the table” when it comes to advanced technology, senior U.S. investment strategist Abby Joseph Cohen said at the Technion, Israel Institute of Technology board of governors meeting Wednesday.

“We’re used to seeing China and India as future technological superpowers but that’s a mistake,” said Cohen, a Goldman Sachs partner, according to Globes. “Those two countries don’t have high tech in the Israeli and US sense.”

Cohen said technology in China and India is a notch below Israeli technology because the Asian countries “manufacture products requiring relatively simple technology, and a cheap workforce, and not products with high added value.” She also noted the importance of Technion’s recent partnership with Cornell University, explaining that investment in education “is the most important economic investment.”

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