Learning the Different Factors That Affect Economics in Palestine

One of the most popular countries in the Middle East, Palestine faces different social issues that can influence the nation�s past, present, and future economic state. For several decades in the 20th century, economics in Palestine is highly affected by its historical, military, and political backgrounds. However, to have a closer look and analysis at the present economic status of this country it is best that people assess the changes in its military conditions, relations with other nations, and historical events that gave rise to social conflicts that Palestine is presently dealing with.

Overview of the Relations Between Palestine and Israel

Economics in Palestine are highly affected and influenced by several historical events like the famous Holocaust. The rights to land, occupation, and settlements are some of the sources of conflicts between Palestine and Israel. Technically, the issues between these two countries started in the early 1900s when Great Britain was instructed through the historical Balfour Declaration to make Palestine as a national settlement of all Jews. Arabs in Palestine opposed the declaration and rioted against the entry of Jews in the country, which initiated conflicts between Israel and Palestine.

The Impact of International Politics on Economics in Palestine

Regarding economics in Palestine, people can expect that the relations of the country with nearby nations such as Israel have great impact on its financial state. One of the effects of war between these nations is the scarcity of water in Palestine, which affects the operations of numerous industries in the country. According to several social analysts and historians, Israel and Palestine used to share a source of water in the 1940s. However, when the conflict continues to heighten between the countries, Israel strategically reserves a great proportion of water since it is near to West Bank, the place where the nations get their water supply.

Additionally, because of the war between Israel and Palestine, investors and capitalists from other nations hesitate to put big investments and open numerous business establishments in Palestine. Moreover, the threatening relations of Palestine with Israel also affect the tourism sector of the nation. Because of this, a large proportion of travelers from various countries also have second thoughts visiting the nation. Above all, the war between the countries affects the financial support that Palestine may get from other rich nations.

Studying Economics in Palestine

Assessing economics in Palestine is hard since it requires analysis of past events that cause enormous changes in the country. However, for those who have interest and passion for understanding the underlying factors that influence economics in Palestine, it is best that they focus on exploring the social issues surrounding the war between Palestine and Israel. Moreover, it is also necessary that they consider the impact of the rights that Jews and Palestinians hold to a legitimate settlement in Palestine since these also affect the present economic state of the country. Thus, by carefully studying the historical biography, international relations, and military conditions, it will be easy for everyone to learn and analyze the past, present, as well as future financial state of Palestine.

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