Bloomberg’s in-depth look at the BDS, the boycott Israel movement, shows the movement’s main goals don’t seem to bring any traction.
The Boycott, Divestment and Sanctions movement began in 2005 by a group of Palestinians. Those that support the campaign have a variety of aims, from petitioning Israel’s presence in the West Bank to calling for the destruction of the Jewish state altogether. By urging governments, universities and businesses to cease interaction with Israel, the BDS hopes to ostracize and delegitimize the Israeli government as a whole.
But a piece published in Bloomberg Wednesday says the technique’s not working.
“Money managers, economists and government officials say Israeli assets are an attractive alternative to weak performers elsewhere. The country’s economy is slowing but growing faster than those of the U.S. and Europe and its interest rate is higher,” Bloomberg reports.
And though some of the BDS’s efforts have gained global media attention in recent years–convincing musical acts to cancel concerts in Tel Aviv, getting Stephen Hawking to back out of an appearance at a science conference–the Bloomberg report uses real figures to show how Israel’s economy is actually looking better than some of its allies.
“Israel’s economy is expected to grow 2.8 percent this year compared with 1.8 percent for the U.S. and the European Union. In 2015 its industrial high-tech exports rose 13 percent from a year earlier to $23.7 billion.”
The climate seems to be buoyed by Israel’s strong startup culture, which is one of the nation’s most talked-about coups in the business world. For 2015, 85 percent of investment in Israeli startups came from foreign investors.
Read the full report here.