AUGUST 12 "THE MIRACLE ECONOMY OF ISRAEL"

How is Israel, a 60 year old nation with a population of 7.1 million was able to reach such economic growth that “at the start of 2009, some 63 Israeli companies were listed on the nasdaq more than those of any other foreign country. How is it, that a country only sixty years old, surrounded by enemies, in a constant state of war since its founding, with no natural resources, produces more than large, peaceful and stable nations like, Japan, China, India, Canada and the united kingdom. Israel is a very small country. It is smaller by half than San Bernardino County in California. It would sink in Lake Michigan without a trace. It has barely 8 million citizens. It has been in existence for just 60 years, but it is an economic powerhouse. In contrast to its Muslim enemies, who have virtually no indigenous industry, whose people are largely illiterate, but who have natural riches through their almost limitless petroleum resources, Israel has virtually no natural resources. But yet its gross domestic product was over 170 billion. It compares favorably with most long established European countries and approaches that of the United States.  Israel’s people have converted a desolate land into an oasis in the desert, one of green fields and modern cities are also reflected in Israel’s’ economic development. Israel is a modern industrial state whose output encompasses some of the most advanced and sophisticated technology in the world. Israel is an economic, miracle, wonder land!

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