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.
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Stanley Fischer is Professor of Economics at the Massachusetts Institute of Technology. Leonard J. Hausman is Director of the Institute for Social and Economic Policy in the Middle East where Anna D. Karasik is Associate Director. Thomas C. Schelling is Distinguished Professor of Economics and Public Policy at the University of Maryland, and Professor Emeritus at Harvard University.
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