While I've never systematically done the maths, my consistent impression is that when the Economist talks about technology, the representation of Israel is higher than it's proportion of the world's population, or even higher than it's proportion in, say, the population of the OECD countries alone. Here's an example from their most recent Technology Quarterly, about an Israeli company that may yet revolutionize air travel if the existing power players can be induced to move over a bit. This would probably save billions and be good for the environment, so the Guardian should be in favor.
The following article doesn't mention Israel at all. Yet it just so happens that the name of the researcher who is so lavishly praised in it rang a bell: Yoel Fink. So I did a spot of googling, and yes, he's that cute little two-year-old who lived across the street from us in Jerusalem; I used to baby-sit for him and his sister, way back then. He seems since to have grown up, and done quite well for himself. Go figure.