The Economics of Middle East Peace: Views from the Region

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This landmark collection of essays addresses the question: Given peace in the Middle East, then what? Focusing on the countries most immediately affected by the Arab-Israeli conflict, economists representing Egypt, Israel, Jordan, Lebanon,and the Occupied Territories offer differing perspectives on potential opportunities and difficulties and on the actions that would be required to redirect, rejuvenate,and sustain the economies of the region.The book opens with case studies of Egypt,Syria, Lebanon, Israel, Jordan, and the West Bank and Gaza Strip. It then examines overall regional issues such as the economic consequences of peace and the economic reforms needed to maximize peace dividends. Essays in the last part focus on the transition to peace and the future economic development of the Palestinian, Israeli,Jordanian, and other regional economiesTopics addressed include the relation of defense spending to the economy, the implications of a peace for trade across borders, the benefits of economic cooperation between Israelis and Palestinians, and the role of foreign aid in economic reconstruction in the Middle East.Stanley Fischer is Professor of Economics at the Massachusetts Institute of Technology. Dani Rodrik is Associate Professor of Public Policy at the Kennedy School, Harvard University. Elias Tuma is Professor of Economics at the University of California,Davis.

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Product Details

  • ISBN-13: 9780262515320
  • Publisher: MIT Press
  • Publication date: 4/5/1993
  • Edition description: Reissue
  • Pages: 384
  • Product dimensions: 6.50 (w) x 9.25 (h) x 1.00 (d)

Meet the Author

Stanley Fischer is former Governor of the Bank of Israel and has been nominated as Vice Chair of the Federal Reserve]. He is the author of IMF Essays from a Time of Crisis: The International Financial System, Stabilization, and Development (MIT Press).

Dani Rodrik is Associate Professor of Public Policy at the Kennedy School, Harvard University.

Elias Tuma is Professor of Economics at the University of California,Davis.

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Table of Contents

1 Introduction 1
I Case Studies
2 The Economics of Peace: The Egyptian Case 19
3 The Effects on Economic Development in Syria of a Just and Long-Lasting Peace 55
Comments 80
4 Economic Implications of Peace: The Israeli Perspective 87
5 One-Sided Customs and Monetary Union: The Case of the West Bank and Gaza Strip under Israeli Occupation 117
Comments 149
6 Economic Prospects for a Postwar Lebanon 155
7 The Economics of Peace: Jordan 181
Comments 200
II Regional Issues
8 The Economic Implications of a Comprehensive Peace in the Middle East 205
9 The Peace Process and Economic Reforms in the Middle East 227
Comments 256
III The Transition to Peace
10 The Future of Economic Development of the West Bank and Gaza and Their Economic Relations with Israel and Jordan 261
11 Palestinian-Israeli Economic Relations: Is Cooperation Possible? 281
12 Some Basic Problems of the Economic Relationships between Israel, the West Bank, and Gaza 305
Comments 334
IV Panel Discussion 341
Contributors 355
Index 361
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