Palestine 194 – a country in statu nascendi?

The Palestinian president has signed a decree to officially change the name of the Palestinian Authority to the State of Palestine.
The move follows a successful campaign, during the UN’s 67th session in November, when the The Palestinian Authority was granted a non-member observer state status at the UN.
Will all this unilateral efforts bring us closer to the revival of the Middle East Peace Process or simply extend it’s impasse?
What are the potential scenarios?
Bear in mind that I am calling here for a purely scientific analysis… not a demonstration of support

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