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Suppose that a sovereign independent state of Palestine were to come into existence in the West Bank and Gaza Strip. What economic policies and institutional reforms would be necessary? This book attempts to answer this interesting question. The creation of any "new" state is an interesting enough situation to analyze but in the case of Palestinian state, with all the baggage that this entails, the outcomes of such an analysis are intriguing. Many important issues are discussed including: * the flow of Palestinian labor to Israel * corporate governance, the financial sector and pensions * overall development strategies, foreign aid and the return of refugees With contributions from internationally respected contributors, this volume is well-written, accessible, and important on many levels from students and academics involved with development economics, politics, and international relations through to policy-makers and those with a general interest in the Middle East.