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Bringing an end to the conflict between Israel and the Palestinians may help the young Arab generation to realise their aspirations. Israel is more than willing to offer our experience in building a modern economy in spite of limited resources to the whole region.

A peaceful resolution to the Israeli-Palestinian conflict will likely depend to a great extent on the economic development of a future Palestinian state. As I have argued before, private sector investment - especially in the West Bank - is going to prove crucial in creating the right political and social context for peace.

The long conflict between Israel and Palestine has, for better or worse, become the world's conflict. It permanently destabilizes the Middle East, blocks the settlement of urgent crises, and intensifies looming threats to the West.

When all is said and done, it looks like the Palestinians have been massively robbed and abused, and are engaged in a desperate struggle for survival and liberation. Israel, on the other hand, would appear to be conducting an imperialistic campaign of oppression supported and substantially armed by the most powerful nation on earth.

To be clear, I abhor the separation wall. It is an eyesore in itself and makes tangible the failed diplomacy and cruel short-sightedness that causes such misery in the region. No Palestinian can see that wall and not wonder if the Israelis mean it to stay there forever, a constant reminder of what they never intend to change.

Needless to say, if the Arab-Israeli conflict is about interstate disputes and the need to resolve the future of the West Bank and Gaza, it can be solved; if it is a religious conflict, nothing but violence is ahead.

Toward the Palestinians, Israel can only give. But when dealing with the entire Arab world, Israel can get a lot.

Israel welcomes the wind of change, and sees a window of opportunity. Democratic and science-based economies by nature desire peace. Israel does not want to be an island of affluence in an ocean of poverty. Improvements in our neighbours' lives mean improvements to the neighbourhood in which we live.

The aggressive, unprovoked acts of violence against Israel by Hezbollah and Hamas are revealing. It is clear they don't want peace, but rather seek the ultimate destruction of Israel.

For a good chunk of Israelis, it doesn't matter who is in power when it comes to dealing with the Palestinians. Their focus was more on economic issues.