Boycotts Backfire as Foreign Investments Pour Into Israel
Foreign investments in Israel have nearly tripled since the Jewish state was first targeted for boycott by a coalition of Palestinian groups, indicating that efforts to isolate it are failing.
Foreign capital flow to Israeli assets hit a record high of $285.12 billion last year, nearly triple of what this figure was in 2005, Bloomberg News reported last week. And while the Israeli economy has been slowing as of late, it is still performing better than that of the United States and other Western nations. Israeli companies, especially high-tech startups, have also become very attractive targets for foreign investors.