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- Mar 6, 2017
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The Palestinian leadership’s rejection of normalized relations with Israel that were established in 1993 with the Oslo Exchange of Letters between PLO Chairman Yasser Arafat and Israeli Prime Minister Yitzhak Rabin, and the PLO’s subsequent support for the global Boycott, Divestment and Sanctions (BDS) campaign have created an economic void. The Palestinian and BDS leadership’s boycotts of Israeli employers of thousands of Palestinians, such as the internationally traded company SodaStream and Rami Levy, a leading Israeli supermarket chain, are hurting the Palestinian public. The Palestinian leadership has failed to fill the economic void by neglecting to meet promises to match the income, benefits, and other compensations for Palestinian employees once BDS causes their termination from Israeli owned businesses.
Major Palestinian commercial ventures that were established under the sanction of the Palestinian Authority, such as Austrian mogul Martin Shlaff’s Oasis Casino in the Palestinian city of Jericho, became centers for international money laundering for terror groups. They did little to benefit the Palestinian public. Some of the foreign-financed Palestinian industrial zones have also been tainted by local corruption, and have failed to provide adequate employment and services for large numbers of Palestinian workers.
In addition to encouraging corruption, the foreign aid dependence of the Palestinian economy has also retarded incentive for local economic development and independence and to establish an advanced infrastructure and rule of law. European aid agencies, EU member states, and organizations such as UNRWA have often stepped in to provide crucial economic assistance and employment in unsustainable cottage industries for Palestinians.
(full article online)
The Palestinian Authority’s Policy of Denormalization | Jerusalem Center For Public Affairs
Major Palestinian commercial ventures that were established under the sanction of the Palestinian Authority, such as Austrian mogul Martin Shlaff’s Oasis Casino in the Palestinian city of Jericho, became centers for international money laundering for terror groups. They did little to benefit the Palestinian public. Some of the foreign-financed Palestinian industrial zones have also been tainted by local corruption, and have failed to provide adequate employment and services for large numbers of Palestinian workers.
In addition to encouraging corruption, the foreign aid dependence of the Palestinian economy has also retarded incentive for local economic development and independence and to establish an advanced infrastructure and rule of law. European aid agencies, EU member states, and organizations such as UNRWA have often stepped in to provide crucial economic assistance and employment in unsustainable cottage industries for Palestinians.
(full article online)
The Palestinian Authority’s Policy of Denormalization | Jerusalem Center For Public Affairs