Arab-Israelis Conflict: Economic Implications on the Palestine’s Nation

Israeli State has been confronted with intended and unintended series of historical conflict since its creation in 1948. The Palestinian economy was not spared from these protracted conflicts that have claimed thousands of lives concerning the agitations for a sovereign state and home land for Palestinians on one hand and the recognition of a sovereign state for Israelis and its sustainable security on the other hand. Therefore, this paper is geared towards analysing major factors responsible for Israeli-Palestinians conflicts, the economic implications on the Palestinians as well as sourcing for alternative measures in order to ameliorate the Palestinian economy. This paper was guided by Classical Realist theory. This paper utilised historical design. Data were obtained from published books, magazines and journals, newspapers, published or unpublished dissertations, manuscripts, internet, dairies and other personal papers. These data were subjected to content analysis. The findings of the study revealed that Israeli-Palestinian conflicts have been a long aged conflict since 1948 when the state of Israel was created. Till now, the conflict has taken political, economic and social cultural dimensions. Secondly, the Israeli-Palestinian conflicts have impacted negatively on the economy of Palestine and the Israelis in the occupied zone and soft targets of guerilla activities both in trade, investment, manpower capacity, and natural resources thereby retarding developmental process. Since Israel’s occupation of the West Bank, including East Jerusalem, and Gaza Strip, it has imposed numerous military and economic measures that have affected all sectors of the Palestinian economy, resulting in long-term economic disequilibrium and, in some cases, irreversible developmental paralyses. Finally, it is recommended that a new paradigm shift should be explored as all alternative strategies applied by the peace brokers to ameliorate Israeli-Palestinians conflicts, has not achieved its objective. Therefore, America should take the lead to galvanize the Western World with active support of Saudi Arabia and other moderate Arab Countries towards a peaceful settlement of the Arab-Israeli protracted conflict.