Shalom Life | March 30, 2015

New Report Claims that Palestinians Are Not Ready for a State of Their Own

World Bank report says Palestinian economy not sustainable

By: David Shear

Published: July 25th, 2012 in News » World

New Report Claims that Palestinians Are Not Ready for a State of Their Own

According to a report issued by the World Bank, while the Palestinians Authority has made some of the inroads and progress necessary before having an independent state, its current economy is not strong enough to support that state.

John Nasir, the author of the report, claims that the recent growth of the Palestinian economy will not continue due to a heavy dependency of foreign aid which, for the past 20 years, has given the Palestinians billions.

And, while that growth has been mainly seen in government services and real estate, manufacturing and agriculture have dropped significantly.

The report asserts that true sustainable growth will come only through an emphasis on trade, integration and creating a dynamic private sector.

"Economic sustainability cannot be based on foreign aid, so it is critical for the Palestinian Authority (PA) to increase trade and spur private sector growth," said Nasir.

An Israeli government report release earlier this year echoed the findings of the World Bank Report, claiming that the PA was not economically stable enough to sustain a state.

The latest report also contradicts the International Monetary Fund, which only last year claimed that Palestinian financial institutions were ready for a state.

Woman Exposes Herself To Minors At Arizona Bar Mitzvah Woman Exposes Herself To Minors At Arizona Bar Mitzvah TrendingShortly Before they Died in Brooklyn Fire, the Sassoon Children Recorded This Emotional Song [VIDEO] Shortly Before they Died in Brooklyn Fire, the Sassoon Children Recorded This Emotional Song [VIDEO] TrendingJewish Transgender Teen Celebrates 'Coming Out Ceremony' with His Community Jewish Transgender Teen Celebrates 'Coming Out Ceremony' with His Community Trending
 

Of Course There's An 'Uptown Funk' Passover Parody

March 29, 2015 | By Daniel Koren
Of Course There's An 'Uptown Funk' Passover Parody

Brought to you from the same Jewish a cappella group that brought "Chanukah (Shake It Off)"

Read More

Wales Defeats Israel 3 - 0 in EURO 2016 Qualifiers

March 28, 2015 | By Daniel Koren
Wales Defeats Israel 3 - 0 in EURO 2016 Qualifiers

The blue-and-whites experienced their first loss of the EURO 2016 qualifying matches at home in Haifa

Read More

Op-Ed: Obama, not Netanyahu, is Killing the Two-State Solution

March 27, 2015 | By Ben Cohen, JNS.org
Op-Ed: Obama, not Netanyahu, is Killing the Two-State Solution

The U.S. President has never really empathized with the emotions that govern Israeli perceptions of the wider region

Read More

Op-Ed: Lena Dunham’s 'Dog or Jewish Boyfriend' Piece is Thoughtless and Offensive

March 27, 2015 | By Caitlin Marceau
Op-Ed: Lena Dunham’s 'Dog or Jewish Boyfriend' Piece is Thoughtless and Offensive

In her latest literary endeavour, 'Girls' star Dunham tries to come across as funny by comparing her boyfriend to a dog; she doesn't

Read More

James Deen to Play Himself on Showtime's 'Happyish'

March 27, 2015 | By Daniel Koren
James Deen to Play Himself on Showtime's 'Happyish'

The prolific Jewish porn star will appear in a cameo on the new show out on April 26th

Read More

Woman Exposes Herself To Minors At Arizona Bar Mitzvah

March 27, 2015 | By Caitlin Marceau
Woman Exposes Herself To Minors At Arizona Bar Mitzvah

Lindsey Radomski is being charged by police after allegedly exposing herself to, and performing oral sex on, minors at a Bar Mitzvah this past Saturday

Read More

Association Assisting Holocaust Survivors Needs Your Help To Make Their Passover Seder Possible

March 27, 2015 | By Caitlin Marceau
Association Assisting Holocaust Survivors Needs Your Help To Make Their Passover Seder Possible

The group, which holds an annual Passover Seder, is in danger of having to cancel their event due to the lack of funds needed to help the 450+ survivors who, without them, will be celebrating alone this year

Read More

Shortly Before they Died in Brooklyn Fire, the Sassoon Children Recorded This Emotional Song [VIDEO]

March 27, 2015 | By Tali Farkash & Liron Nagler-Cohen
Shortly Before they Died in Brooklyn Fire, the Sassoon Children Recorded This Emotional Song [VIDEO]

Song is their own version of Hasidic singer Yaakov Shwekey's hit "Cry No More"

Read More

More Headlines