Israel

National | World | Economic History | Pop Eco | Interactive Articles

What’s the story with Palestine?

Palestine is an interesting economic case, particularly given the ongoing conflict with Israel, its disputed sovereignty and the Gaza-strip barrier at the Egypt/Israel border. Since the Prime Minister of the Palestinian Authority (PA) Salam Fayyad developed the 2007 Economic Strategy, there have been substantial achievements in institutional building, and short-term growth between 2007 and 2010 in the Palestinian Territories (i.e. the Gaza Strip and the West Bank). However, today there are still a number of major issues with the economy relating to dwindling growth levels, unemployment, barriers to trade, reliance on unreliable aid and sectorial inequalities.

Read more