Middle East: Boomerang Boycott

MIDDLE EAST

The Arab world's 15-year-old boy cott of Israel — and of foreign companies that do more than just sell finished goods to Israel — has up to now produced a lot of political smoke but not much economic fire. Unevenly applied and quixotically enforced, the blacklist has up to now proved mostly a nuisance to Israel, while many corporations abroad have found ways to dodge it.

Last week, in their most ambitious step yet to force foreign firms to stop operating in Israel, the Arabs took aim at three U.S. corporate giants, Coca-Cola Co., Radio Corp. of America and Ford...

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