What Next for the Start-Up Nation?

[...] on the company level, Israeli start-ups, like their counterparts in Silicon Valley, often overhaul their business models unceremoniously and in full stride.\n In a Time essay, "In Defense of Failure," published earlier this year, economics writer Megan McArdle pointed out that more than two-thirds of Americans report that they have considered starting their own business, while in Europe only 40 percent do so. The Asian emphasis on producing sheer quantities of engineers in order to pursue incremental improvements to existing technologies, rather than on entrepreneurship and creating new industries, may mean that the U.S.Israeli comparative advantage will remain for some time.