Though typically loath to jump into hypothetical discussions — in this case about where President Obama should donate the 1.4 million dollars he’s set to receive along with Nobel Peace Prize — I wanted to follow up on the insightful articles by Dave Belden and Valerie Elverton-Dixon to suggest that where Obama donates the funds may be nearly as important as the fact that he received the Nobel Prize at all.

Photo courtesy of newsday.com

Photo courtesy of newsday.com

There is a great deal of speculation about where President Obama might donate the 1.4 million dollars he will receive this December when he accepts the Nobel Peace Prize. Every major charitable foundation and peace-building organization is craving the money and publicity such a donation would bring. Yet the single biggest contribution Obama could make with the funds would be to found an association to support joint Palestinian and Israeli business ventures.

As President Obama and his top negotiator, George Mitchell, meet with Palestinian leaders, they offer a combination of carrots and sticks; American diplomatic and economic support on the one hand, and the lack thereof on the other. But there is no clear set of incentives other than land that Israeli and Palestinian negotiators can offer each other. At best, they can promise an end to hostilities.

The hope of a foundation for joint Palestinian and Israeli business ventures would be to increase economic incentives for peace. Currently, Israeli firms do not seem to need Palestinian workers, and Palestinians are leery of traversing checkpoints to seek out work in Israel. Yet with current technology – namely, cell phones and the Internet – there are many fewer logistical barriers to collaborative projects. The real problem is a lack of impetus and a lack of incentive to found such projects.

If an independent foundation subsidized the cost of creating parallel branches of a firm, one in the Palestinian Territories and the other in Israel, a significant number of entrepreneurial ventures could be founded. By using Palestinian savvy to market Israeli-invented products to the Arab world, or relying on Israeli connections to market Palestinian produce in Europe, joint ventures could capitalize on the expertise of each group for the benefit of both. The potential for significant gains is there; it is only the startup energy that is lacking.

No doubt, any sort of collaboration between Israelis and Palestinians comes with potential risks, whether in the arena of diplomacy or business. Stigma for “collaborators” and the legitimate threat of violence has historically hampered the progress of would-be innovators and peacemakers. But with the funding from a new foundation – no doubt boosted by friends and donors to the President and a media blitz – significant headway could be made for Palestinians and Israelis seeking to work together. Ultimately, the successes they attain in collaborative business ventures could translate into an enduring force for peace and a tangible reason for both sides to put the ongoing conflict to rest.

President Barack Obama has brought hope to the United States and much of the world, and his latest accolade – the Nobel Peace Prize – has reaffirmed the significance of that hope. But in the Middle East, where peace is scarce and talk is rife, hope is a distant second to concrete action. If Obama backed up his words with personal funding for a Palestinian-Israeli business association, he could significantly alter the oft-touted (and lamented) “facts on the ground.” In doing so, he could live up to the Norwegian Nobel Committee’s words of praise for his “extraordinary efforts to strengthen international diplomacy and cooperation between peoples.”


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