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15 Mich. J. Int'l L. 405 (1993-1994)
Incentives for Peace and Profits: Federal Legislation to Encourage U.S. Enterprises to Invest in Arab-Israeli Joint Ventures

handle is hein.journals/mjil15 and id is 417 raw text is: INCENTIVES FOR PEACE AND PROFITS: FEDERAL LEGISLATION TO ENCOURAGE U.S. ENTERPRISES TO INVEST IN ARAB- ISRAELI JOINT VENTURES Daniel Lubetzky* INTRODUCTION ................................................. 406 I. THE RATIONALE: WHY ENACT SUCH LEGISLATION? ....... 407 A. Recent Developments in the Middle East .............. 408 B. Using, Economics to Advance Peace ................... 409 C. The Role of the United States ......................... 411 D. Advantages of Investing in the Middle East ............ 413 E. Advantages of Investment Incentives as Foreign Policy Tools ................................. 417 II. THE MECHANICS: How WOULD THE INCENTIVES WORK?.. 419 A . Tax Incentives ........................................ 419 B. Government Investment Guarantees and Government Investm ent Grants .................................... 427 C. Government Investment Insurance .................... 429 D. Middle East Investment Agency ....................... 431 E . E ligibility ............................................ 433 F. Safety M echanisms ................................... 433 III. THE CONTEXT: WHERE DOES THE ENACTMENT FIT WITHIN THE U.S. LEGISLATIVE SCHEME? ................. 436 A . Existing Legislation .................................. 438 B. Ways to Enact the New Legislation ................... 441 IV. THE DISTINCTIONS: How DOES THIS PROPOSAL DIFFER FROM RECENT AID COMMITMENTS? ............... 442 V. THE POLITICAL CLIMATE: WHEN SHOULD PASSAGE BE URGED9 ....................... 449 CONCLUSION ................................................454 * Visiting Fellow, Begin-Sadat Center for Strategic Studies. Stanford Law School, J.D. (1993). This article was originally written in the spring of 1993 with the guidance of Profes- sor Byron D. Sher. I thank him, Professor Barbara Fried, and my friend Nabil Istafanous for their comments. I also thank the Haas-Koshland Foundation for its support. Since this piece was first written, the author has established the Middle East Trade and Investment Center (METIC, Inc.) together with a team of consultants in the private sector. The scope of the Center is similar to, although not as broad as, the scope of the investment agency envisioned in this article.

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