Truth Frequency Radio
Oct 29, 2013

egypt-gaza-palestine-tunnels-west-bank-economy-natural-resources-apartheid-truth-frequency-radio-chris-geo-sheree-geo-alternative-media-news-informationBy Ali Sawafta and Noah Browning

RAMALLAH, West Bank

(Reuters) – The arteries of Gaza’s economy have collapsed as Egypt demolishes the smuggling tunnels along its sandy border.

Ancient stone villages in the occupied West Bank have become trapped in rural poverty, while investors and donors shy away from a zone of seemingly endless conflict.

The crackdown on the Gaza Strip and stagnation in the West Bank mean the Palestinian economy might shrink this year after average annual growth of about nine percent in 2008-2011.

The doldrums have dented a long-held belief amongst Israeli right-wingers that gathering Palestinian prosperity could achieve a de facto “economic peace” and provide a convenient alternative to a comprehensive two-state deal.

“Any talk of further developing the Palestinian economy without a lifting of Israel’s restrictions is just that, talk,” said the Palestinian minister for economic affairs, Jawad Naji.

“The international community urgently needs to intervene to pressure Israel to allow us access to our natural resources.”

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