It would provide a means of channeling Arab oil revenue into productive uses which would benefit the entire area. thus utilizing part of the presently existing hardmoney resources of the Middle East for the financing of regional development. It would be an international entity with which the states of the area could carry on bilateral negotiations and bilateral ecoromic agreements. It could work out a solution to the whole IsraelArab refugee problem. The only longterm solution for the refugees is basic economic development. which will make it possible for the area to support more people at a higher standard of living. It could encourage international acceptance of the Jordan River plan and similar developments on the Tigris. the Euphrates. and the Nile. involving more than one state. It could give technical assistance and supervised farm credit to farmers settling on new lands coming into production from river valley development.
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refugee refugees