ECONOMIC RAMIFICATIONS OF THE ISRAELI-ARAB CONFLICT: INTRODUCTION Academic Article uri icon

abstract

  • More than six decades have elapsed since the establishment of the state of Israel, and the Palestinian Nakba (catastrophe) in 1948, which marked the initiation of a long-lasting conflict that has still not yet been resolved. Israelis and Arabs that claim historical solitary rights on the Holy Land have incurred loads of casualties and endured decades of wars, destruction, agony, and a lack of peaceful and prosperous life. The intensity of the conflict is reflected, among other things, by the substantial fraction of the scarce resources that has been allocated to military spending by the adversaries. Throughout the duration of the conflict, Israel and its major rivals, namely Egypt, Jordan and Syria, recorded an internationally unparalleled military burden. Although these countries have cut their defense spending drastically following the initiation of the peace talks, they still maintain …

publication date

  • January 1, 2010