Ha! I'd probably add it to the few nice cities, and strike it from the singular industry list. But the rest still applies I suppose...particularly the difficult socio-economic environment.

In some ways I'd say Israel is like a very compressed and magnified U.S., huge military industrial complex, lots of immigrants, racial and ethnic segregation issues, big hi-tech industry, intense religious conservative red neck types...it's just all in an area the size of West Virginia.