MIT Press 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.
Book News 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 copyright Book News, Inc. Portland, Or.