The Palestinian Economy: Alternative Futures

George T. Abed

Chapter 6 in Economic Challenges Facing Middle Eastern and North African Countries, 1998, pp 101-115 from Palgrave Macmillan

Abstract: Abstract The 1993 Oslo Declaration of Principles and subsequent agreements between the leaders of the Palestinian Liberation Organization (PLO) and Israel have led to the establishment of a Palestinian Authority in the West Bank and Gaza Strip with limited powers of self rule. The Palestinian-Israeli accords, based on a negotiated and gradual transfer of civil authority over large areas of the West Bank and Gaza Strip, also attracted the political and financial support of the world community, which pledged large amounts of aid for the reconstruction and development of the Palestinian economy. However, the slow disbursement of external aid, combined with setbacks in the implementation of the various agreements, has delayed the realization of the economic benefits of peace. Indeed, at its current pace the peace process may lack sufficient momentum to generate sustainability. This chapter assesses the present situation and proposes an alternative, more promising approach based on an acceleration and deepening of Palestinian empowerment leading to self-determination and statehood. Such a strategy, when combined with institutional and policy reforms in the Palestinian Authority, and when supported by greater flexibility on the part of Israel, carries the potential for launching the Palestinian economy on a path of self-sustained growth over the medium- to long-term.

Keywords: Foreign Direct Investment; Gaza Strip; Free Trade Area; Peace Process; Flexible Labor Market (search for similar items in EconPapers)
Date: 1998
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26124-6_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349261246

DOI: 10.1007/978-1-349-26124-6_6

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().