Time the anti Israel lobby face up to facts instead of reading obscure reports about the success of the BDS, boycotting Israel. It might come as a surprise to them as they have NEVER read a proper recognized financial report on the state of the economy but the economy in Israel is booming.
I know there are big words in this report. But I'll give you a little test: Ask yourself what has been boycotted from Israel that will effect the economy in anyway...Look forward to reading your answers and NO its not oranges or toothpaste!
Physicist Stephen Hawking shunned a Jerusalem conference hosted by Israel’s president, singer Lauryn Hill canceled a Tel Aviv concert and a giant Dutch pension fund blacklisted five Israeli banks. All are signs that an international movement to isolate Israel is gaining ground.
Yet an examination of foreign capital flow into the country shows the opposite trend -- a steep increase. Foreign investments in Israeli assets hit a record high last year of $285.12 billion, a near-tripling from 2005 when the so-called Boycott, Divestment and Sanctions (BDS) movement was started by a group of Palestinians.
The boycott movement is comprised of those who reject the Jewish state’s existence as well as those who want it to change its policies toward Palestinians in the West Bank and Gaza Strip. But even the more limited focus on the occupation and the companies that benefit from it has had little discernible impact. The stake of non-Israeli shareholders in nine such publicly-traded companies and banks has risen steadily over the past three years.
“We don’t have a problem with foreign investment in Israel -- on the contrary,” Yoel Naveh, chief economist at Israel’s finance ministry, said in an interview.
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. Plus, many reject the notions driving the boycott -- that investing in Israeli innovation and natural gas violates Palestinian rights, and that Israel’s misdeeds are so exceptional that they justify singling it out for censure. This is totally without foundation and obviously plays no part in effecting Israel's growing economy.
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, according to the Israeli Export and International Cooperation Institute. The BlueStar Israel Global Index, a gauge of globally-listed Israeli companies, has doubled over the past decade, outperforming the 21 percent gain in the benchmark MSCI ACWI Index of emerging and developed world markets.
So how will the BDS movement respond to this report, it simply can not be denied. So please don't tell me that North Korea has stopped buying Shampoo from Israel or any other country that say's they are part of the BDS movement. Let me tell you these countries who claim they support the BDS movement import billions of dollars a year from Israeli technology, from computers to mobile phones from life saving medical science to scientific discovery. In short Israel's economy is one of the strongest in the world if not the strongest per capita.
Sorry for being the messenger of such bad news.