Why does Israel have to give up precious land to get peace? Has this approach ever worked?

Any peace proposal between Israel and its Arabs neighbors always entail Israel relinquishing territory in return for peace from the Arabs.

Is this a successful formula? Is it the only way to achieve peace?

James Sorene, the Chief Executive Officer of Britain Israel Communications and Research Centre (BICOM), explores whether land for peace works as a tool for peace.

Do you think it can work?