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MD 2010 World Competitiveness Yearbook rankings: Israel is ranked 17th

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Israel is up from 24th place in 2009. Singapore and Hong Kong have for the first time in decades, topped the USA
 
Singapore (1) and Hong Kong (2) have for the first time in decades, topped the USA (3) in IMD’s World Competitiveness Yearbook rankings of 58 countries, published last week.
 
The IMD World Competitiveness Yearbook (WCY) is the world’s most renowned and comprehensive annual report on the competitiveness of nations, ranking and analyzing how a nation’s environment creates and sustains thecompetitiveness of enterprises.
 
In the first 10 places: Australia (5), Taiwan (8) and Malaysia (10) also benefit from strong demand in Asia. Switzerland (4) maintains an excellent position characterized by strong economic fundamentals (very low deficit, debt, inflation and unemployment) and a well-defended position on export markets. Sweden (6) and Norway (9) shine for the Nordic model, although Denmark (13) surprisingly loses ground, in particular due to the pessimistic mood expressed in the survey.
 
Israel is ranked 17th in the IMD World Competitiveness Yearbook 2010 rankings, up from 24th place in 2009. Israel is ahead of China.  
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