Securing Peace in the Middle East: Project on Economic Transition

Overview

Based on the joint efforts of Israelis, Jordanians, and Palestinians, in conjunction with economists from Harvard and the Massachusetts Institute of Technology, this book describes a cohesive plan for an integrated Middle East economy. It specifies actions and studies in areas where there are pressing and important issues, and where rapid progress is possible.

Specifically, the plan assumes Palestinian economic sovereignty in the West Bank and Gaza. It calls for a market-driven ...

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Overview

Based on the joint efforts of Israelis, Jordanians, and Palestinians, in conjunction with economists from Harvard and the Massachusetts Institute of Technology, this book describes a cohesive plan for an integrated Middle East economy. It specifies actions and studies in areas where there are pressing and important issues, and where rapid progress is possible.

Specifically, the plan assumes Palestinian economic sovereignty in the West Bank and Gaza. It calls for a market-driven economy and free trade among the three economies, and regional projects to further develop shared interests. Additional recommendations call for the Palestinians to take over the existing Civil Administration in the West Bank and Gaza, expansion of the financial sector, and removal of the restrictions on Palestinian employment in Israel to allow as many as 100,000 Palestinians to work there.

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Editorial Reviews

Booknews
Israeli, Jordanian, and Palestinian economists contributed to this report, a document signifying cooperation and hope, which was completed in June 1993, and which predicted "a Palestinian entity with economic sovereignty." Two months later, events caused the report to lose its visionary status and become instead one of the two basic reference documents (the other is a World Bank report) on the economics of Palestinian transition. No changes were made for this edition aside from the inclusion of an introduction. No index. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780262061681
  • Publisher: MIT Press
  • Publication date: 2/9/1994
  • Pages: 202
  • Product dimensions: 6.24 (w) x 9.28 (h) x 0.70 (d)

Meet the Author

Stanley Fischer became Governor of the Bank of Israel in May of 2005. He has also served as Vice Chairman of Citigroup, Inc., First Deputy Managing Director of the International Monetary Fund, and Killian Professor and Head of the Department of Economics at MIT. Before his service in the IMF from 1994 to 2001, he was Killian Professor and Head of the Department of Economics at MIT.
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Table of Contents

Foreword
Introduction to the MIT Press Edition
Introductory Note
Acknowledgments
Editorial Board
Chairs of Working Groups
Participating Economists
Contributors
Executive Summary
1 Summary and Conclusions 1
2 Agriculture, Industry, Services, and Trade 45
3 Palestinian-Israeli-Jordanian Labor Mobility: The Current Situation and Issues for a Peaceful Future 69
4 Institutional Structure for the Palestinian Economy During the Transition Period 93
5 Fiscal Management 115
6 Financial and Monetary Arrangements in the Palestinian Transition 129
7 The Management of Foreign Aid to the West Bank and Gaza: Goals and Organization 145
8 The Way Ahead 165
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