Despite Israel’s territorial difficulties, brought about by her faithlessness, God continues to provide her with the necessary means for national survival.
Economic boom
Israel’s economy is booming. Two companies, IBM and Marvell, have invested $4.5 billion in computer chip factories in Israel. Only the USA is ahead in electronics and the Internet.
In the third quarter 2000, the economy grew by 9.1% over the same quarter in 1999. Israel’s unemployment rate, always high due to new migrants, fell to 8.6%. In recent months, 7,000 Jewish scientists arrived from Russia and nearly all are now employed.
Industrial exports totaled $14.7 billion for the first 7 months, 28% higher than the same period last year. Israeli company, Converse, was ranked sixth on Barron’s list of the top 500 companies in the world from an investor’s viewpoint. The Israeli company, Mercury, was ranked ninth.
Oil and gas
Gas has been discovered off the coast of Israel. While one of the wells is in an area controlled by the Palestinians, most are controlled by Israel. The reserves are large enough to give Israel independence in gas supplies. Graham Bacon, taken from “Present Day Events” More at their website.
The Origin of the Organic World – Part One