Abstract
The Palestinian economy is highly dependent on the Israeli economy. With the impact of economic globalization,the Palestinian economy can not develop independently. Palestinian blindly followed free-market economicpolicies resulting in many problems, such as the serious reflux of the Palestinian social funds, the improperinvestment direction, abnormal structure, subject to the Israeli economy and increasingly sharp polarization andcorruption.
Highlights
Developing countries were under the control of or dependent on developed countries to different extent in many ways during the globalization process in current world, so the current globalization showed a strong trend of Westernization or Americanization
Israeli collected heavy taxes on commodities that were produced by non-Israeli but delivered to the West Bank and Gaza Strip by Israel, which made Palestine greatly reduce the trade with the surrounding countries, Israel became Palestinian One-way trading partners
Israel supervised the freedom of import and export in occupied territories and explicitly restricted the import and export of goods in the types and quantities in the occupied territories, and repeatedly blocked the West Bank and Gaza Strip by the pretext of security, cut off the West Bank and Gaza seaport linking with external markets, brought great disasters to the Palestinian economy, labor, and trade causing serious economic recession, so the national income appeared sharp drop
Summary
Israel occupied the West Bank and Gaza Strip in “Six Day War”, and the Israeli military government signed a series of military orders to confine the residents of the occupied territories in production and living, more than half of which was related to economic issues. Israel prohibited the Palestinians carrying out their business license for production and business activities in the cities; the Israel expropriated peasant land, built settlements, and controls the water in rural areas. The “Oslo agreement” provided a framework about economic activity for the West Bank and Gaza Strip in September 1993 This framework gave Israel right to control land, labor and capital and other production factors, and control the external borders and the surrounding areas of Palestine. “The Wye agreement” called for Palestine to meet the trend of globalization in 1998, and implemented a freer and open economic policy, but how much did the Palestinian people really gain from this policy?
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