Wednesday, October 25, 2000

Will "globalization" lead to peace in the Middle East? Here's an interesting article in Hebrew Daily Haaretz that discusses whether a hypothetical seperate Palestine and Israel should be economically seperated or united. The article mentions how early plans for Israel included Jews only hiring Jews, and Jews being encouraged to only buy goods that were Israeli made. This is obviously a terrible idea, as the only benefit would be uncompetitive Israeli goods and extorted consumers. A seperate Israel and Palestine should trade freely and openly with each other, and with the rest of the world. I don't know if labor laws, tax rates, or currency need to be the same, but free and open trade benefits everybody. (Thanks for JP for pointing me to this article).


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