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Israel Ranked 17th in IMD World Competitiveness Yearbook 2011

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Friday, June 17th, 2011

As reported in Port2port:

Israel is 1st in the world in total expenditures of R&D as % of GDP, entrepreneurship, central bank policy and scientific research and 2nd in access to venture capital and public expenditure on education

According to the 2011 World Competitiveness Yearbook (WCY) of the International Institute Management Development (IMD) in Lausanne, Switzerland, Israel remains in the 17th place among the world’s 59 leading economies in terms of competitiveness, according to the 2011 World Competitiveness Yearbook of the International Institute Management Development in Lausanne, Switzerland.

The International Institute for Management and Development (IMD) is a world-leading business school. IMD publishes the World Competitiveness Yearbook, which ranks and analyzes how a nation’s environment creates and sustains the competitiveness of enterprises.

Israel is represented in IMD’s WCY through the Federation of Israeli Chambers of Commerce.
Israel is 1st in the world in total expenditures of R&D as % of GDP, entrepreneurship, central bank policy and scientific research. Also, in Israel is 2nd in the world in access to venture capital and public expenditure on education.

Israel’s weak ratings were in immigration laws, governmental debt as a % of GDP, long term unemployment and cost of living. Israel fell in the level of dependence between supporting and dependent population from the 56th place to the 58th, and in the cost of living ranking from the 47th place to the 49th.

In the technological infrastructure category, Israel went up to the fourth place from the fifth place in 2010.

This year’s list is led by Hong Kong, the United States, Singapore, Sweden and Switzerland. Bulgaria, Greece Ukraine and Croatia were placed at the bottom of the ranking, with Venezuela in the last place. Israel received a score of 81.6.

Looking at Israel’s overall rating in the IMD World Competitiveness Yearbook over the past decade, Israel’s rating ranged between 13th and 33rd out of 60 countries.