Securing Peace in the Middle East

Project on Economic Transition

Edited by Stanley Fischer, Thomas C. Schelling, Leonard J. Hausman and Anna D. Karasik

With Harvard University




Based on the joint efforts of Israelis, Jordanians, and Palestinians, in conjunction with economists from Harvard and the Massachusetts Institute of Technology, this book describes a cohesive plan for an integrated Middle East economy. It specifies actions and studies in areas where there are pressing and important issues, and where rapid progress is possible.Specifically, the plan assumes Palestinian economic sovereignty in the West Bank and Gaza. It calls for a market-driven economy and free trade among the three economies, and regional projects to further develop shared interests. Additional recommendations call for the Palestinians to take over the existing Civil Administration in the West Bank and Gaza, expansion of the financial sector, and removal of the restrictions on Palestinian employment in Israel to allow as many as 100,000 Palestinians to work there.


Out of Print ISBN: 9780262061681 202 pp. | 6.1 in x 9.1 in


Stanley Fischer

Stanley Fischer is former Governor of the Bank of Israel and has been nominated as Vice Chair of the Federal Reserve]. He is the author of IMF Essays from a Time of Crisis: The International Financial System, Stabilization, and Development (MIT Press).

Thomas C. Schelling

Thomas C. Schelling is affiliated with the Kennedy School of Government, Harvard University.

Leonard J. Hausman

Anna D. Karasik


Harvard University.