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Abstract
There is a broad consensus that the weak private investment performance in the West Bank and Gaza Strip in recent years can be attributed largely to the unfavorable external environment and to adverse political developments, notably the general border closure imposed since 1993, the intermittent total or “intensified” closures triggered by security incidents, and the uncertain prospects for progress in the peace process. At the same time, there is a growing recognition that, especially in view of what are perceived to be “political constraints” on liberalizing the West Bank and Gaza Strip’s external trade environment, there is a need to formulate and implement appropriate economic policies and institution-building measures that would to some degree compensate for the effects of the trade-related constraints. This paper is structured as follows:
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