Palestine Ltd. by Haddad Toufic London Middle East Institute

Author:Haddad, Toufic,London Middle East Institute
Language: eng
Format: epub
Tags: Middle East History, International Relations, Development Studies, Islamic Studies
ISBN: 9781786720979
Publisher: I.B. Tauris

Now their application to the OPT:

To test if rent-management in the Palestinian context displayed any developmental state characteristics, we should look for evidence of rent allocations that maintained political stability and provided conditional support to emerging capitalists. A developmental state would have to have a much greater degree of sovereignty than was allowed to the PNA under the Oslo Agreements. Nevertheless, although this is not widely recognized, there were elements in the rent-allocation organized by the PNA that were consistent with a nascent developmental state. The scale was inevitably small given the powerful external constraints facing the state, and the short time period before the first normal period of development ended in 2000. But there is evidence that the PNA used rents to attract expatriate Palestinian capitalists who had substantial investment funds and entrepreneurial experience. Many did invest in Palestine under the PNA despite the extreme uncertainty regarding the future of the Palestinian state formation experiment. The PNA also displayed some ability to correct mistakes in the allocation of rents, re-allocating rents to those who might be more efficient (and who could therefore offer bigger benefits to the PNA over time). The ability to override factional interests and to correct misallocations of rents despite factional opposition is a characteristic of developmental states that distinguishes them from fragmented clientelist ones, and enables them to ensure that rents remain growth-promoting.

(Ibid., p. 55–6)

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