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BDS Failing to Cause Major Economic Blow to Israel

BDS (boycott, divest, sanction) sign (Photo: Flickr/ Takver)

The Boycott, Divestment and Sanctions (BDS) movement poses a very real threat to Israel - a threat to sway minds internationally against the Jewish state. However, The Jerusalem Post reports that the movement is not having its desired effect on the Israeli economy:

Despite signs that the international BDS movement is gaining traction in its aim to isolate Israel, a review of the country's foreign capital flow shows that the boycott campaign has failed in regard to the economic gauge, Bloomberg reported Thursday. 

While the Boycott, Divestment and Sanctions has strongly focused on dampening commercial ties with Israeli businesses, particularly those over the Green Line, it has reportedly made little economic impact overall.

In fact, the data reviewed by Bloomberg shows that Israel has experienced a steep increase in foreign stake in Israeli companies and banks.

Statistics published by the Bank of Israel reveal that foreign investments in Israeli assets have raised nearly three-fold since 2005 when the Palestinian-established BDS movement launched, hitting an all-time high of $285.12 billion in 2015.

“We don’t have a problem with foreign investment in Israel -- on the contrary,” Bloomberg quoted the Finance Ministry's Chief Economist Yoel Naveh as saying...

Tags: BDS

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