Divestment campaign - Hutchinson encyclopedia article about Divestment campaign Printer Friendly
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disinvestment
(redirected from Divestment campaign)

   Also found in: Financial, Wikipedia 0.40 sec.

disinvestment

Withdrawal of investments in a country for political reasons. The term is also used in economics to describe non-replacement of stock as it wears out.

It is generally applied to the ostensive removal of funds from South Africa in the last years of apartheid by such multinational companies as General Motors and to the withdrawal of private investment funds (by universities, pension funds, and other organizations) from portfolios doing business in South Africa.

Disinvestment may be motivated by fear of loss of business in the home market caused by adverse publicity or by fear of loss of foreign resources if the local government changes.



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The nationwide divestment campaign was one of the main messages delivered at AIPAC's annual convention in Washington, which also called for tightening sanctions against Iran at the UN.
Los Angles attorney Janice KamenirReznik, who is president of Jewish World Watch, said it was unusual for a Jewish group to commit to a divestment campaign because some campaigns have targeted Israel.
After juniors at Harvard University waged an online divestment campaign and seniors refused to contribute to the senior class gift, the administration finally sold its stock in PetroChina, a company with a history of selling arms and forced labor to Sudan.
 
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