Digging Out the Politics of Palestinian Economic Independence

By Glenn Yago and James Prince

The Milken Institute Review, 3d quarter 2005, pp. 78-85.
Full text available from publisher website

While the idea of physical disengagement goes against the grain for some, it is the best hope for the sort of economic development that will give Palestinians a powerful stake in an enduring peace. By its very nature, the impending Israeli disengagement plan changes the status quo, creating opportunities to lessen political friction by helping the devastated Palestinian economy move toward sustained viability. An economic road map defined by common Palestinian-Israeli interests could, as a practical matter, make a bigger difference than another toss of the political dice. Glenn Yago is director of capital studies at the Milken Institute and Senior Koret Knesset Fellow supervising financial-reform projects in Israel. James Prince is president of the Los Angeles-based Democracy Council.

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