Shalom Life | February 28, 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.

Rest in Peace, Mr. Spock. You Will Be Dearly Missed Rest in Peace, Mr. Spock. You Will Be Dearly Missed TrendingMadonna: Europe Feels like "Nazi Germany" Madonna: Europe Feels like "Nazi Germany" TrendingAn Open Letter to Banksy: Even Without Mentioning Israel, Your New Gaza 'Ad' Still Reeks of anti-Zionism An Open Letter to Banksy: Even Without Mentioning Israel, Your New Gaza 'Ad' Still Reeks of anti-Zionism Trending
 

Rest in Peace, Mr. Spock. You Will Be Dearly Missed

February 27, 2015 | By Daniel Koren
Rest in Peace, Mr. Spock. You Will Be Dearly Missed

Leonard Nimoy, actor, director, writer, musician, painter, and pop culture icon, dies at 83

Read More

Madonna’s Israeli Hacker Has Been Indicted

February 27, 2015 | By Ashley Baylen
Madonna’s Israeli Hacker Has Been Indicted

Adi Lederman has been officially charged on four counts including computer trespassing.

Read More

'Clueless' Soundtrack to be Released as Yellow and Black Plaid Vinyl

February 27, 2015 | By Ashley Baylen
'Clueless' Soundtrack to be Released as Yellow and Black Plaid Vinyl

The seminal 90's soundtrack is being re-released for the film's 20th anniversary

Read More

Justin Bieber Begs Seth Rogen to Roast Him

February 27, 2015 | By Ashley Baylen
Justin Bieber Begs Seth Rogen to Roast Him

The pop singer reaches out to Rogen via Twitter in hopes he'll appear on his upcoming Comedy Central special.

Read More

Israeli Doctor Resorts to Crowdfunding to Treat Three-Year-Old Girl's Disease

February 27, 2015 | By NoCamels Team
Israeli Doctor Resorts to Crowdfunding to Treat Three-Year-Old Girl's Disease

Due to high expenses, Dr. Shomron sought to raise necessary funds for his patient from individual donors over the Internet

Read More

Madonna: Europe Feels like "Nazi Germany"

February 27, 2015 | By Daniel Koren
Madonna: Europe Feels like "Nazi Germany"

"anti-Semitism is at an all time high" says the acclaimed singer/songwriter

Read More

Israeli Teen Wins First Round of European Chess Championship

February 27, 2015 | By Roi Yanovsky
Israeli Teen Wins First Round of European Chess Championship

17-year-old Itay Westreich beats current Israeli champion Victor Mikhalevski in first round of championship in Jerusalem

Read More

Organizers Halt Tel Aviv Marathon Due to Heat

February 27, 2015 | By Shahar Hay
Organizers Halt Tel Aviv Marathon Due to Heat

Two men participating in annual run lose consciousness due to heat stroke, both under sedation and ventilated; 75 others treated on scene; major streets closed off in Tel Aviv

Read More

More Headlines