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article imageStudy: Israeli-Palestine peace deal would generate billions

By Brian Booker     Jun 9, 2015 in World
Right now, the Trans-Pacific Partnership is eating up all the headlines, but another deal could generate billions of dollars in growth too. A recent study found that the Israelis and Palestinians would both make billions from peace.
Alternatively, the study found that a return to violence, the continued “cold war”, and other avenues would lead to billions of dollars in losses. The Israeli economy alone would lose about $250 billion, while the Palestinians would see their GDP per capita fall by as much as 46 percent.
On the other hand, peace could generate $120 billion for Israel over the course of a decade, and $50 billion for Palestine over the same time period. This would mark a 36 percent growth in per capita income.
Researchers used a “cost of conflict” calculator, which examined various factors, including defense spending and resettlement costs, to draw the estimates.
The study examined five different scenarios: a violent uprising, non-violent resistance, an uncoordinated unilateral withdrawal, a coordinated unilateral withdrawal, and a two-state solution.
Unsurprisingly, the latter scenarios demonstrated increased economic benefits for both parties, with the two-state solution promising the most benefits. A violent uprising, on the other hand, would be the most costly in terms of the Israeli and Palestinian economies.
Throughout the course of the study researchers reached out to at least 200 different officials based in the region, and from around the world.
The study was conducted by the RAND corporation, an American-based global think-tank. The organization is funded by the American government, and various private parties, including businesses, foundations, and individual donors.
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