Research Journal of Applied Sciences

Year: 2019
Volume: 14
Issue: 4
Page No. 135 - 143

Determinants of the Complementary Relationship Between the Public and Private Sectors in the Palestinian Economic Field

Authors : Shahd Khatib and Ismail Iriqat

Abstract: The study revealed several results, the most important of which are: the Palestinian economy encounters the absence of a special law in the partnership through which to clarify the meaning of this concept and to set the rules and standards regulating the related contracts, in addition, to the absence of laws ensuring transparency and fighting corruption which negatively affects the complementary relationship between the two sectors. Palestinian national authority is unable to control its fiscal, financial and economic policies because of its economic dependence on the Israeli entity as well as its direct reliance on external financing which is often conditioned and public sector institutions suffer from routine procedures through which the investment project and the multiplicity of the necessary approvals and licenses excessively which prevented the completion of many projects in addition, to the difficult political situation resulting from the Israeli occupation and control over Palestinian land and internal political division between the two parts of the homeland. The study suggested several recommendations, the most important of which were: recommendations to the public sector on the necessity of issuing a special law on partnership, establishing a joint committee from the public and private sectors with wide authority to develop the business environment and establishing specialized courts in commercial disputes.

How to cite this article:

Shahd Khatib and Ismail Iriqat, 2019. Determinants of the Complementary Relationship Between the Public and Private Sectors in the Palestinian Economic Field. Research Journal of Applied Sciences, 14: 135-143.

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