Friday, September 07, 2007

Israel’s economy movin’ on up in World Competitiveness

Israel starts to compete with the big-timers as it advanced to the 21st spot out of 55 countries ranked in World Competitivenes One place above Israel was the UK and one place below was Estonia. Number one.. can you guess? the USA. Here are some more details, provided by Globes-Israel:

Israel’s economy has climbed three places to 21st place in the World Competitiveness Yearbook rankings, published by the International Institute for Management Development (IMD), which is based in Lausanne, Switzerland. The survey, which was published today, ranks 55 countries according 323 economic criteria, and is based on data collated from business entities worldwide. Israel is ranked in 20th place for economic strength, unchanged from last year. However, it has climbed 20 places, from 45th to 25th in the ratings for international investment.

…The survey assesses each country’s performance according to four main measures: economic efficiency, government efficiency, business efficiency, and infrastructure. Israel dropped two places to 33rd in the economic efficiency rankings. It rose two places to 25th place in the government efficiency rankings, and climbed to 16th from 24th place in the rankings for business efficiency. It rose by just one place to 14th place in the infrastructure rankings.

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