Study: An Israel-Palestine peace deal could bring an economic gain of $173 billion
A new analysis from the RAND Corporation found that a two-state solution to the Israeli-Palestinian conflict could create a $173 billion economic reward.
The peace deal would create a $123 billion gain for the Israeli economy, while Palestinians would benefit from an additional $50 billion, over a 10-year period. That figure would translate to an average per capita income of $2,200 (five percent) for every Israeli and an average per capita income increase of $1,000 (36 percent) for each Palestinian, The New York Times explains.
On the other hand, the RAND report notes that a "return to violence" would cause a 46 percent decrease in per capita gross domestic product in the West Bank and Gaza, as well as a 10 percent decrease in Israel's GDP, by 2024.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
While a two-state solution is hardly imminent, RAND says the study is meant to show that there are also economic incentives for peace.
"The point is to demonstrate that there is money on the table," Charles P. Ries, a RAND vice president, told the Times. "There are big gains, and people don't realize how big they are."
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.
-
The Week contest: Werewolf bill
Puzzles and Quizzes
By The Week US Published
-
'This needs to be a bigger deal'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
Magazine solutions - November 29, 2024
Puzzles and Quizzes Issue - November 29, 2024
By The Week US Published
-
Mossad's history with explosive technology
The Explainer Infamous Israeli spy agency has not claimed responsibility for Hezbollah's exploding pagers but has 'decades-long' list of remote assassinations
By Harriet Marsden, The Week UK Published
-
Hamas and Hezbollah strikes: what does it mean for Israel?
Today's Big Question Iran vows revenge for death of Hamas political leader in Tehran, hours after Israeli strike kills top Hezbollah member in Beirut
By Harriet Marsden, The Week UK Published
-
British warship repels 'largest Houthi attack to date' in the Red Sea
Speed read Western allies warn of military response to Iranian-backed Yemeni rebels if attacks on ships continue
By Richard Windsor, The Week UK Published
-
Houthi rebels claim Red Sea ship attacks
speed read Iran-backed Yemeni group vows to escalate aggression towards Israel-linked vessels in revenge for Gaza war
By Harriet Marsden, The Week UK Published
-
Israel plans next phase of Gaza war as first hostages released
Speed read After four-day ceasefire 'we will not stop' until destruction of Hamas, says Israel
By Harriet Marsden, The Week UK Published
-
Israel says Gaza split in two in 'significant stage' of war against Hamas
Speed Read Troops expected to enter Gaza City within 48 hours as US secretary of state continues 'diplomatic shuttle'
By The Week UK Published
-
Mob storms Russian airport 'looking for Jews'
Speed Read Plane from Israel surrounded by rioters chanting antisemitic slogans after landing in Russia's Dagestan region
By The Week UK Published
-
How trustworthy are the Gaza Health Ministry's casualty numbers?
The Explainer President Biden and other observers of the Israel-Hamas war are skeptical of the Hamas-run ministry's death toll. But those doubts may be unwarranted.
By Peter Weber, The Week US Published