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(RAND Corporation) Daniel Egel, Shira Efron, and Linda Robinson - From August to December 2020, the United Arab Emirates, Bahrain, Sudan, and Morocco initiated diplomatic processes to normalize bilateral ties with Israel. These accords represent a major political breakthrough: away from conflict and toward a shared vision of economic prosperity. The benefits of normalization are widely acknowledged, but many observers have not recognized the magnitude of the potential economic benefits. We estimate that the economic benefits for Israel's partners could be particularly significant, creating tens of thousands of new jobs. The Abraham Accords could provide a pathway for lasting peace, much like the peace that the architects of Europe's postwar recovery secured. A visionary U.S. policy would build on the accords to incentivize their implementation. 2021-03-22 00:00:00Full Article
Peace Dividend: Widening the Economic Growth and Development Benefits of the Abraham Accords
(RAND Corporation) Daniel Egel, Shira Efron, and Linda Robinson - From August to December 2020, the United Arab Emirates, Bahrain, Sudan, and Morocco initiated diplomatic processes to normalize bilateral ties with Israel. These accords represent a major political breakthrough: away from conflict and toward a shared vision of economic prosperity. The benefits of normalization are widely acknowledged, but many observers have not recognized the magnitude of the potential economic benefits. We estimate that the economic benefits for Israel's partners could be particularly significant, creating tens of thousands of new jobs. The Abraham Accords could provide a pathway for lasting peace, much like the peace that the architects of Europe's postwar recovery secured. A visionary U.S. policy would build on the accords to incentivize their implementation. 2021-03-22 00:00:00Full Article
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