Word: gillerman
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Dates: during 1990-1999
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...Declaration of Principles for Palestinian self-rule -- and if other Arab states join in cooperative projects to make the desert bloom, the prospects should convince anyone that peace pays better than hate. "We have the chance to see Israel become the nucleus of a very prosperous Mideast," says Dan Gillerman, chairman of the Federation of the Israeli Chambers of Commerce. The Palestinians have the chance to start building a national economy that does not have to be hidden under people's mattresses...
...poverty and despair. Some Israelis euphorically predict that peace will almost automatically make their economy blossom. "I see a good chance of Israel becoming the Singapore of the Middle East, a place where multinational companies will set up their technological and marketing headquarters for the region," says Gillerman. So far, these companies have not come in large numbers because almost all Arab countries boycott products from Israel. Other experts doubt that is the only reason: Israel's relatively high-tech economy is more attuned to European than to Middle Eastern markets, they say, and labor in Israel is high priced...