I believe the world should attempt to surge the capacity and competence of Palestinians in collaboration with Palestinians. Foreign aid should be conditional on difficult Palestinian reforms to establish a globalized neo-liberal economic system based on meritocratic hierarchies of competence and capability. As this happens, the Palestinians will have the leverage and influence to negotiate a deal with Israel on their own terms and many of Palestine’s other problems will take care of themselves. This FT article covers some of challenges in surging Palestinian capacity.
When Faris Zaher, a Palestinian Jerusalemite, graduated in Hong Kong with a masters degree and returned home at the peak of the financial crisis, he drifted for a bit, working in consulting and property, and starting a website for classified ads.
Then he hit on his big idea: a start-up travel portal catering to the $50bn market for hotel bookings in the Middle East. There was no regional competitor back then and with the web opening up the prospect of borderless business, the West Bank city of Ramallah was as good a place as any to set up.
Less than five years later, Yamsafer is one of the region’s largest hotel booking sites, according to its founder. It recently closed a $3.5m funding round in one of the biggest venture capital deals the Israeli-occupied Palestinian territories have seen.
Yamsafer employs 70 people in Ramallah, a place where too many young university graduates are chasing too few jobs. “The people we hire are more hungry than people you would have hired in Dubai, Jordan or elsewhere,” Zahar, who is 29, told me recently.
