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The Economics of Palestine: Economic Policy and Institutional Reform for a Viable Palestine State
Contributor(s): Cobham, David (Editor), Kanafani, Nu'man (Editor)
ISBN: 041532761X     ISBN-13: 9780415327619
Publisher: Routledge
OUR PRICE:   $275.50  
Product Type: Hardcover - Other Formats
Published: July 2004
Qty:
Annotation: Suppose that a sovereign independent state of Palestine were to come into existence in the West Bank and Gaza Strip. What economic policies and institutional reforms would be necessary? This book attempts to answer this interesting question.
The creation of any "new" state is an interesting enough situation to analyze but in the case of Palestinian state, with all the baggage that this entails, the outcomes of such an analysis are intriguing. Many important issues are discussed including:
* the flow of Palestinian labor to Israel
* corporate governance, the financial sector and pensions
* overall development strategies, foreign aid and the return of refugees
With contributions from internationally respected contributors, this volume is well-written, accessible, and important on many levels from students and academics involved with development economics, politics, and international relations through to policy-makers and those with a general interest in the Middle East.
Additional Information
BISAC Categories:
- Business & Economics | Development - Economic Development
- Business & Economics | Economics - Theory
Dewey: 338.95
LCCN: 2004046748
Series: Routledge Studies in Development Economics
Physical Information: 0.9" H x 6.1" W x 9.56" (1.38 lbs) 324 pages
Themes:
- Cultural Region - Asian
- Cultural Region - Mediterranean
- Cultural Region - Middle East
 
Descriptions, Reviews, Etc.
Publisher Description:

This book aims to set the intense political debates on one side in order to do some serious economic analysis. It assumes that a sovereign independent Palestinian state comes into existence in the West Bank and Gaza Strip, and proceeds to examine the economic policies and institutional reforms which would be appropriate for it. Key recommendations are that such a state should:
* adopt a non-discriminatory trade regime
* introduce a new currency with a currency board and later a hard peg to the euro
* establish a new type of pension scheme combining universal and work-based elements
* adopt an economic strategy geared to the modern knowledge-based global economy and based on the identification of clusters, and
* take a forward-looking approach to the compensation of refugees which relates compensation to the cost of absorbing returning refugees in a viable and growing economy.
Budgetary policy, corporate governance, financial sector reform and foreign aid strategy are also discussed, and an incomplete contracts model of integration is presented.
The contributors are internationally respected economists from a variety of countries and perspectives. Their analysis should be accessible and relevant to readers of many kinds, from students and academics involved with development economics, politics, and international relations through to policy-makers and those with a general interest in the Middle East.