This landmark collection of essays addresses the question: Given peace in the Middle East, then what? Focusing on the countries most immediately affected by the Arab-Israeli conflict, economists representing Egypt, Israel, Jordan, Lebanon, and the Occupied Territories offer differing perspectives on potential opportunities and difficulties and on the actions that would be required to redirect, rejuvenate, and sustain the economies of the region.
The book opens with case studies of Egypt, Syria, Lebanon, Israel, Jordan, and the West Bank and Gaza Strip. It then examines overall regional issues such as the economic consequences of peace and the economic reforms needed to maximize peace dividends. Essays in the last part focus on the transition to peace and the future economic development of the Palestinian, Israeli, Jordanian, and other regional economies
Topics addressed include the relation of defense spending to the economy, the implications of a peace for trade across borders, the benefits of economic cooperation between Israelis and Palestinians, and the role of foreign aid in economic reconstruction in the Middle East.
About the Editors
Stanley Fischer is Governor of the Bank of Israel. First Deputy Managing Director of the International Monetary Fund from 1994 to 2001, Fischer is the author of IMF Essays from a Time of Crisis: The International Financial System, Stabilization, and Development (MIT Press).
Dani Rodrik is Associate Professor of Public Policy at the Kennedy School, Harvard University.
Elias Tuma is Professor of Economics at the University of California, Davis.