1. Introduction 2. The Choice of Trade Regime Depends on Multiple Other Factors 3. Alternative Currency Arrangements 4. Budgetary and Fiscal Policy 5. The Role of the Financial Sector 6. Company Law and Corporate Governance 7. Structuring a Pension Scheme for a Future Palestinain State 8. Strategies for Economic Development, the Role of Gaza, and the Future of the Refugee Camps 9. Foreign Aid Strategy 10. Absorbing Returnees in a Viable Palestinian State: A Forward Looking Macroeconomic Perspective 11. Incomplete Contracts, the Port of Gaza, and the Case for Economic Sovereignty
David Cobham is Reader in Economics at the
University of St. Andrews, Scotland.
Nu'man Kanafani is Associate Professor at the
Royal Veterinary and Agricultural University in Copenhagen,
Denmark.
'A peaceful solution between Israel and a Palestinian State will be
sustainable and stable only when the Palestinians will enjoy the
economic dividends of peace. This book captures the main economic
issues and presents the required economic policies that will secure
economic prosperity for a newly born Palestinian State.' - Haim
Ben-Shahar, Emeritus Professor of Economics, Tel Aviv
University
'How should a sovereign Palestinian state design its economic
institutions and how should it run its economy? This book contains
new and innovative research on these topics. It is essential
reading for all those interested in peace and prosperity in the
region, irrespective of their political persuasions. It also makes
good reading for those interested in the interplay between
politics, institutions and economic development.' -Christopher
Pissarides, Professor of Economics, London School of Economics
'Cobham and Kanafani, aided by the rich contributions of an
impressive array of international experts, have produced what is
clearly the most learned and comprehensive work on the economy of
the future state of Palestine. This volume combines the
indispensable objectivity of economic analysis, a clear
understanding of the policy experience and practices of successful
countries, as well as a thorough appreciation of the political
context, to derive highly relevant conclusions and policy
implications. We owe Messrs. Cobham and Kanafani a debt of
gratitude for so ably informing us about economic conditions and
prospects in Palestine and, more significantly, for their
considered and timely contribution to the cause of a Middle-East
peace that is anchored in an economically viable and sovereign
Palestinian state.' - Dr George Abed, Director, Middle East and
Central Asia Department, IMF, 2002-2003
'A peaceful solution between Israel and a Palestinian State will be
sustainable and stable only when the Palestinians will enjoy the
economic dividends of peace. This book captures the main economic
issues and presents the required economic policies that will secure
economic prosperity for a newly born Palestinian State.' - Haim
Ben-Shahar, Emeritus Professor of Economics, Tel Aviv
University
'This book is a solid contribution to our understanding of the
economic policy issues that will face decision makers in a
sovereign and independent Palestinian state in the context of
separation from Israel. It presents interesting recommendations
regarding key issues that are more than likely to evoke intense
debate amongst economists and politicians alike.' - Nabeel Kassis,
PNA Minister of Planning, previously Director of the Palestine
Economic Policy Research Institute (MAS)
'The book is the first of its kind to put forth an agenda for
economic policies and institutional reforms, necessary for a viable
Palestinian economy that could be integrated into the world
economy, and serve as a host for foreign direct investment.' -
Assaf Razin, Professor of Public Finance, Tel Aviv University
'Coming from an impressive list of international scholars including
both Arabs and Israelis, the book is "must reading" for economists
and policy makers interested in identifying the policy and
institutional requirements of any Palestinian state and indeed of
any small state.' - Jeffrey B. Nugent, Professor of Economics, USC
and President, Middle East Economic Association
'Based on a politically viable settlement of the
Israeli-Palestinian conflict, this book offers a comprehensive
economic framework for an independent Palestinian state which any
scholar of the region must study and policy-makers should take
account of.' - Efraim Sadka, Professor of International Capital
Markets, Tel Aviv University
'How should a sovereign Palestinian state design its economic
institutions and how should it run its economy? This book contains
new and innovative research on these topics. It is essential
reading for all those interested in peace and prosperity in the
region, irrespective of their political persuasions. It also makes
good reading for those interested in the interplay between
politics, institutions and economic development.' - Christopher
Pissarides, Professor of Economics, London School of Economics
'The wide range of issues treated in this futuristic volume makes
it a most welcome addition to the literature on the economy of
Palestine.' - Elias Tuma, Professor Emeritus of Economics,
University of California
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