Egyptian President Hosni Mubarak and Syrian President Bashar Assad (AP)
The overarching economic lesson from Northern Ireland is this: economic progress is crucial to the political forces that favour peace. Without it, even small acts of sabotage can derail a peace process. But supported by economic momentum, a peace process can resist violent shocks meant to derail it. …
The private sector translated post cease-fire optimism into much-needed direct foreign investment with significant political support from London and Washington, D.C. … [to build] informal relations between parties who were not officially speaking… [they] succeeded in clarifying the structural changes that were needed to encourage such investment… In time, the investment came. Access the full report>>

