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“Economy of Palestine” by Ivan Kushnir is a comprehensive examination of the Palestinian economy from the 1970s to the 2010s. The book provides a detailed analysis of the economic structure, productivity, and growth of Palestine, offering valuable insights into its economic development and challenges.
Kushnir meticulously dissects the Palestinian economy, revealing its size, structure, and growth. In the 2010s, the gross domestic product of Palestine was $13.9 billion per year, with agriculture valued at $1.1 billion and industry at $1.9 billion. Despite being classified as a small economy, Palestine demonstrated a GDP growth of 4.2%.
The book also delves into the structure of the Palestinian economy, which includes services (38.6%), trade (24.3%), industry (15.5%), agriculture (8.9%), transportation (6.8%), and construction (5.9%). This diverse economic structure reflects the complexity and resilience of the Palestinian economy.
However, Kushnir also highlights the challenges faced by the Palestinian economy. In the 2010s, imports were 3.4 times higher than exports, resulting in net imports equal to 37.3% of the GDP. This trade imbalance underscores the need for economic reforms to boost exports and reduce dependency on imports.
Key takeaways from the book include the understanding that the Palestinian economy, while small, is diverse and resilient. However, it faces significant challenges, including a trade imbalance and below-average productivity. Kushnir’s book underscores the need for economic reforms to address these issues and foster sustainable economic growth.
In conclusion, “Economy of Palestine” by Ivan Kushnir provides an in-depth, informative, and easy-to-understand analysis of the Palestinian economy. It is a valuable resource for anyone interested in understanding the complexities and challenges of the Palestinian economy.
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Books mentioned in the article: “Economy of Palestine” by Ivan Kushnir
