This article focuses on the economic dimension of Israeli policy towards the Palestinian territories occupied in 1967. The article argues that since 1967, both before and after the Oslo process, Israeli policy was directed at preventing the “Two,” i.e. the division of the land into two states and two economic (and political) sovereign entities, while also negating the “One,” i.e. the establishment of a single political and economic entity. Although Israeli policy repudiated both the “Two” and the “One,” it changed character and formulations from time to time. Thus, Israeli policies will be examined with all their twists, turns, and reversals, discussing their repercussions on Israel and especially on the Palestinian economy.

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