Shalom Life | July 30, 2014

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.

New Zealand Cover Story Mistakes Jackass' Ryan Dunn for Slain IDF Soldier New Zealand Cover Story Mistakes Jackass' Ryan Dunn for Slain IDF Soldier TrendingWill Rising European anti-Semitism Lead to a 'New' Holocaust? Will Rising European anti-Semitism Lead to a 'New' Holocaust? TrendingPro-Israel Muslims Seek Alternative to Radical Islam Pro-Israel Muslims Seek Alternative to Radical Islam Trending
 

Ex-Hasidic Jew Has “Divine Intervention” Over Sexy Photos

July 30, 2014 | By Peter Herriman
Ex-Hasidic Jew Has “Divine Intervention” Over Sexy Photos

After Brenda Rosenberg was injured in a car accident, members of her former community called it a "message" from God

Read More

Penelope Cruz, Javier Bardem, Other Spanish Celebrities Call Israeli Operation "Genocide"

July 30, 2014 | By Peter Herriman
Penelope Cruz, Javier Bardem, Other Spanish Celebrities Call Israeli Operation "Genocide"

The Hollywood couple signed a letter in Spanish condemning the IDF

Read More

Survey: Twice as Many Americans Blame Hamas Over Israel for Conflict

July 30, 2014 | By Shalom Life Team
Survey: Twice as Many Americans Blame Hamas Over Israel for Conflict

A new Pew survey shows, yet again, that Americans side with Israel regarding the ongoing conflict in Gaza

Read More

American Groups Give Back to IDF's Lone Soldiers

July 30, 2014 | By Daniel Koren
American Groups Give Back to IDF's Lone Soldiers

Friends of Israel Defense Forces and other groups unite to support non-Israeli soldiers fighting in Gaza

Read More

Simon Cowell Is Being Harassed on Twitter Over His Donation to the IDF

July 30, 2014 | By Daniel Koren
Simon Cowell Is Being Harassed on Twitter Over His Donation to the IDF

The British reality show judge's Twitter account has been plastered with photos of dead children in Gaza

Read More

Holocaust Survivors Donate to the IDF

July 30, 2014 | By Ilana Curiel
Holocaust Survivors Donate to the IDF

"No matter what language they speak or what color skin they have, they are all dear and beloved," Holocaust victims say

Read More

Shalom, Suriname: A Jewish Culture Guide

July 29, 2014 | By Ashley Baylen
Shalom, Suriname: A Jewish Culture Guide

This South American nature once held a community of settlers called Jodensavanne (the Jewish Savannah).

Read More

Larry David to Sit Down With David Steinberg For Rare Comedy Event

July 29, 2014 | By Ashley Baylen
Larry David to Sit Down With David Steinberg For Rare Comedy Event

The 'Curb Your Enthusiasm' creator is joining Steinberg for an exclusive events for Citi card members in Los Angeles.

Read More

More Headlines