Create a 8 page essay paper that discusses Country Study: Israel.&nbsp.Israeli businesses run under most on the legal entities registered by the Israeli law. These entities include partnerships, companies, cooperatives, and non-profit organizations. However, an individual may conduct their businesses without the need for establishing a separate legal entity.Israel’s High Tech IndustryOver the past decade, the hi-tech industry has driven the nation’s economy and has played very important roles in is economic development. The hi-Tech industry has brought Israel to the sustainable growth path that has seen a boost in investments, a cutback in unemployment, corporate merger, capital employment and hi-tech exports. Israel’s venture capital market plays a fundamental role in the development of the high-tech industry by providing and allocating necessary funding. The funds are supplemented by international investors, private investors, public companies, and non-Israeli based funds. This industry has developed tremendously over the past few years. The growth is due to factors such as tax exemptions, funds established by international banks, and involvement with major international organizations (Oz-Salzberger, n.d.).International Trade in IsraelAs of 2014, Israel’s foreign trade had registered huge improvements reflected in the form of export of goods and a moderate increase in imported goods. The changes I distribution of good exported by industries brought change to the economy and the overall foreign demand.&nbsp.