Unraveling the Palestinian economy and its development prospects: sovereignty, structure, and theoretical implication
DOI:
https://doi.org/10.13133/2037-3651/18714Keywords:
Palestine, de-development, dependency, macrostructuralismAbstract
The study of the Palestinian economy poses multiple challenges to economics. It is a system shaped by a complex history, characterized by a high degree of geographical, social and political fragmentation. Moreover, the Oslo Accords and the related Protocol on Economic Relations (or Paris Protocol) with Israel have created an economic structure in which the Palestinian Authority – one of the economic actors in Palestine prior to October 7, 2023, but not the only one – does not have any room of maneuver for economic policy. It is crucial to understand in detail the characteristics and implications of such absence of sovereignty. This is a fundamentally unique and peculiar case, such that Palestinian macroeconomic development is, in practice, unfeasible under any theoretical economic approach that may be adopted.
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