BOOMING WEST BANK VS. DEPRESSED GAZA
Michael Oren reports; The Palestinians are flourishing economically. Unless they live in Gaza.
Imagine an annual economic growth rate of 7%, declining unemployment, a thriving tourism industry, and a 24% hike in the average daily wage. Where in today's gloomy global market could one find such gleaming forecasts? Singapore? Brazil? Guess again. The West Bank.
According to the International Monetary Fund (IMF), the West Bank economy is flourishing. Devastated by the violence and corruption fomented by its former leadership, the West Bank has rebounded and today represents a most promising success story. Among the improvements of the last year cited by the IMF and other financial observers are an 18% increase in the local stock exchange, a 94% growth of tourism to Bethlehem—generating 6,000 new jobs—and an 82% rise in trade with Israel. . . .
The vitality of the West Bank also accentuates the backwardness and despair prevailing in Gaza. In place of economic initiatives that might relieve the nearly 40% unemployment in the Gaza Strip, the radical Hamas government has imposed draconian controls subject to Shariah law. Instead of investing in new shopping centers and restaurants, Hamas has spent millions of dollars restocking its supply of rockets and mortar shells. Rather than forge a framework for peace, Hamas has wrought war and brought economic hardship to civilians on both sides of the borders.
In other words, history is repeating itself. When acting peacefully, the Palestinians benefit from living next door to Israel. It is only Intifadas and"resistance" that hold them back. So, where peace and security reign, the Palestinian economy flourishes. A political entity would have also followed and may still do so. For when all said and done, Palestinians remain masters of their fate whether they wish to acknowledge it or not.
Politically, they have a long way to go in their relationship with Israel as World Jewish Congress, Ronald Lauder notes in his article Mideast Peace starts with Respect:
More than one American president has tried to bring peace to the Middle East, and more than one has failed. So as the Obama administration outlines its own prospectus for a comprehensive settlement to Israel’s conflict with the Palestinians and the wider Arab world, it would do well to take note of some potential pitfalls.
Rule No. 1: Respect the sovereignty of democratic allies. When free people in a democracy express their preferences, the United States should respect their opinions. The current administration should not try to impose ideas on allies like Israel.
Mark Stein demonstrates that Stimulus proves counter productive
comments powered by Disqus
- New documentary explores the legacy of the 5,000 Rosenwald schools set up by a Sears magnate and Booker T. Washington
- Rare silent Native American movie of 1920s attracting a lot of interest
- It happened in Idaho and was the largest massacre of Indians in US history, but where exactly did it take place?
- Junípero Serra’s Missions Destroyed Entire Native Cultures. And Now He’s Going to Be a Saint.
- Isis destruction of Palmyra's Temple of Bel revealed in satellite images
- Two scholars from UT object to the Texas school's decision to remove the statue of Jefferson Davis
- A history professor explains why Americans are so prone to conspiracy theories
- Now Greg Grandin has come out with a study of Henry Kissinger
- Japanese historian upends the familiar narrative of WW 2 by taking a bottom up approach, focusing on fascism from the grassroots
- Holocaust-denying historian David Irving organises 'disgusting' £2,000-a-head holiday tours of former concentration camps and Hitler's HQ so people can 'make up their own mind about the truth'