Adopting a systematic yet non-technical approach. Jacob Metzer’s book is the first to analyse the divided economy of Mandatory Palestine from the viewpoints of modern economic history and development economics. While the existing literature has tended to focus on the Jewish economy, this book explores the socio-economic attributes of both the Arab and Jewish communities within the complex political economy of the period. A concluding chapter reviews the uneasy record of Arab-Jewish economic coexistence in the area of Mandatory Palestine, composed of present-day Israel, the West Bank and the Gaza Strip. The book makes a significant contribution to the economic history of the modern Middle East and to an understanding of the Arab-Israeli conflict. It will appeal to economic historians, development economists and to scholars in the related fields of social and political history.