Carrie Sheffield is a Warren T. Brookes Journalism Fellow for the Competitive Enterprise Institute and a former researcher for American Enterprise Institute scholar Edward Conard. She is author of editorials for The Washington Times, covered Congress for POLITICO and The Hill.
A push to “boycott, divest and sanction” (BDS) Israeli companies has limited impact on the credit profile of Israel, yet it directly harms its intended beneficiaries, the Palestinians. The BDS movement, including universities, pension funds and leaders of some Christian denominations (to the chagrin of many congregants), ignores economic data. And it coincides with a disturbing rise of violent anti-Semitism across Europe.
“The impact of BDS is more psychological than real so far and has had no discernible impact on Israeli trade or the broader economy,” Kristin Lindow, senior vice president at Moody’s Investors Service and Moody’s lead analyst for Israel (in full disclosure, a former Moody’s colleague) told Forbes. “That said, the sanctions do run the risk of hurting the Palestinian economy, which is much smaller and poorer than that of Israel, as seen in the case of SodaStream.”