In this episode of the Longines Chronoscope, the Honorable James G. McDonald, formerly the first US ambassador to Israel, comments on the economic and social state of Israel, a country which was only four years old at the time. He starts out by saying that there will be no peace treaties with the neighboring Arab states, but there will be no more war either since the Arabs believe that Israel will collapse under the weight of its own population, which includes many who are old, sick, or invalids. The economic state of Israel is not much better, since they import most goods and receive over 200 million in loans and investments from the US alone. McDonald was involved in selling bonds in America to raise money to buy US goods. They speak briefly on the industrialization of Israel, especially about how this will create jobs and goods for Israel to sell internationally in order to improve the economy. McDonald mentions that there has been some disillusionment in Israel’s population now that hard economic times have come, but that he believes that the “Israel experiment” is one of the few hopeful cases in the world right now, and that it will be a force for civilization and democratization in the region. See the full length video at: www.qualityinformationpublishers.com