London conference looks to prosperous Palestinian state

Wordie

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Fri Dec-16-05 01:30 AM
Original message

London conference looks to prosperous Palestinian state

London conference looks to prosperous Palestinian state
AFP Tuesday December 13, 08:12 PM

LONDON (AFP) - Representatives of Israel and the Palestinian Authority backed calls by business leaders to drive forward the creation of an economically and politically viable, independent Palestinian state.

They supported a joint declaration signed by Palestinian and Israeli private sector leaders that identified regulatory reform, private sector participation and security as keys to revitalising the Palestinian economy.

It was signed and presented at a conference, entitled 'Promoting Economic Growth in the West Bank and Gaza through the Private Sector' and hosted by the British government and the World Bank.

Speaking at the London meeting, the British finance minister, Gordon Brown, hailed the declaration as a "historic step towards peace."

"Trade and economic cooperation are the economic foundation, not just for prosperity but for peace and security in this region," he added.

http://uk.news.yahoo.com/13122005/323/london-conference-looks-prosperous-palestinian-state.html

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pelsar

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Fri Dec-16-05 02:37 AM
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1. economies require stability......

gaza is not stable...with kassams now being aimed at ashkelon, israel retailiating...or jihadnikm trying to blow up the karmi terminal (probably should have let them blow it up...and then keep it closed)....there wont be much change.

capital does not stay in war zones....

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Wordie

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Fri Dec-16-05 01:43 PM
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2. The director general of Israel's finance ministry does not agree, pelsar.

The director general of Israel's finance ministry, Joseph Bachar, said that a strong Palestinian economy was Israel's "mutual interest."

He added: "The necessary conditions for the success of the (peace) process is that we have a growing sustainable (Palestinian) economy."

The Palestinian Minister of National Economy, Mazen Sinokrot, meanwhile acknowledged a "new turning point" in the quest for economic prosperity and welcomed the drive by the private sector.

Note: The declaration placed the responsibility for "achieving sustainable development" on Israel's government, the Palestinian Authority and the international community.)

(The declaration) added: "An open and thriving Palestinian economy will help lay the foundation for a sustainable peace, and a sustainable peace will require an economically and politically viable, liberated and independent Palestinian state."

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pelsar

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Fri Dec-16-05 02:05 PM
Response to Reply #2

3. i agree in principle....

a growing stable palestenian economy is definitly in israels (and my interest).....but i just place the precondition that the missles in gaza and other attempts to kill me has to stop.

i really dont think thats such an unreasonable request (would you buy from a local store where the relatives of the grocer are busy trying to kill you?)

my idea is that the palestenians should work through egypt....expand their economy through that outlet. The border to israel should be a considered a war border. When the kassams and mortors stop and the PA has control, only then can trade continue.

seems to me that is a very reasonable request....why should the gazans get to shoot at me and also ask me to buy their products?

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Coastie for Truth

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Fri Dec-16-05 02:21 PM
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4. From Sand Hill Road in Silicon Valley CA

I agree with Wordie on this one.

From Sand Hill Road in Silicon Valley CA - read

I agree with Wordie - but with a major caveat -- part of the problem comes down to "War Risk Premium." This just means that "the market" exacts a higher interest rate where there is a risk of war, or government seizure, or boycotts, or the like.

It has been my experience � working with three Palestinian "high tech" start ups over the last four years, that Palestinian "high tech" start ups do suffer a "war risk premium" in the venture funding arena. The "war risk premium" for Palestinian start ups is even worse then the "war risk premium" for Israeli high tech start up (yes - surprise, surprise-- Israeli high tech start ups also suffer a very high "war risk premium"). This is in addition to the normal "technology risk" of any "high tech" start up.

I follow the "SRI" (Socially Responsible Investment) funds. Going over their prospectuses (highly vetted by highly risk aversive lawyers fearing Sarbanes-Oxley) a "do gooder" mass divestment of Israeli investments -- at least according to vetted prospectuses -- would materially increase the "war risk premium" suffered by Palestinian enterprises.

So, from a simple "war risk premium" aspect such a divestment or boycott would be equally borne by Palestinians and Israelis.

BTW - if any one go backs over my 5000+ posts -- I have only been posting this idea for a long time --

a strong Palestinian economy was Israel's "mutual interest."

"An open and thriving Palestinian economy will help lay the foundation for a sustainable peace, and a sustainable peace will require an economically and politically viable, liberated and independent Palestinian state."

for which I have accused of being a Neocon, a PNACer, a racist, a Likudnik, and (horrors) a Zionist.

I am a Zionist - but NOT a Neocon, a PNACer, a racist, or a Likudnik.

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