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Partition Will Not Impair Palestine’s Economic Absorptivity, Economist Says

November 16, 1947
See Original Daily Bulletin From This Date

The economic absorptivity of Palestine will not be reduced by partitioning of the country, Robert Nathan, prominent economist and co-author of a work on Palestine’s economy, declared here today at a press conference arranged by the American Palestine Trading Corporation in connection with a luncheon which the organization will hold Sunday.

He said that within the next ten years at least $3,000,000,000 will be needed for investment in Palestine, whose economy he visualizes as half capitalistic and half “cooperative.” He also predicted that 1,000,000 immigrants would flock to the ##proposed Jewish state within the next decade, bringing the population total to 2,000,000. The immigrants will come firstly from the DP camps and later from the Jewish communities in Arab countries in Asia and North Africa, Nathan said.

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