Escalating Risks of the Israel Conflict on Gaza and Affected Fragile Countries

Document Type : Original Article

Authors

1 Abeer Mohamed Abdel Razek Youssef * Assistant Professor of Finance, Faculty of Administrative and Finance science, Department of Accounting at Gaza University in Palestine.

2 Head Dean in Faculty of Administrative and Finance science, Department of Accounting at Gaza University in Palestine

Abstract

By mid-May 2024, about 625,000 students had lost access to education and effectively lost the school year – the third major interruption in the past four years. The large-scale destruction of educational and health infrastructure, houses, schools, universities and hospitals, missed school days, and mental health impact will have a lasting impact on the quality of life and lifetime earning potential of the active and future workforce. The extensive damage will set human development several decades back and undermine human capital formation for generations to come. The damage suffered by health and education facilities, lost school years, trauma, and various forms of disability have strong long-term consequences for health, productivity, employment prospects and quality of life.
The war that followed the attacks by Hamas and other Palestinian armed groups on 7 October 2023 devastated the remnants of Gaza’s economy and infrastructure. The intense military operations in Gaza resulted in an unprecedented humanitarian, environmental and social catastrophe and propelled Gaza from de-development to utter ruin. The far-reaching repercussions will linger for years to come, and it may take decades to return Gaza to the status quo ante.

Keywords

Main Subjects