Israel has the highest concentration of engineers in the world and the most scientists per capita than any other developed country, noted the Industry Trade and Labor Ministry's Chief Scientist's Intellectual Capital Report, which was released on Tuesday in conjunction with that office's annual conference. For every 10,000 employees, Israel boasts 140 scientists and technicians and 135 engineers. "Israel has a highly educated work force along with first class educational institutions," the study said. In addition to considering human capital, it also factored financial, market, process and renewal and development capital when formulating an overall outlook of the country's intellectual capital sector. Intellectual capital is comprised of the knowledge, wisdom, capability and expertise that provide an organization or country with a competitive advantage over other organizations/countries and determine its potential for future growth. "The singular importance of human capital is portrayed by its central position in the model of intellectual capital - the human factor is the most important link in the process of value creation." According to the Global Competitiveness Report of 2006, Israel was ranked first in availability of scientists and engineers. Industry, Trade and Labor Minister Eli Yishai, speaking at the conference, noted the important role that hi-tech scientists and engineers play in Israel's economy. "The technology sector is what makes this country's economy so successful and based off of its success, we will see growth in other sectors as well." The Intellectual Capital Report also said that Israel has the second highest publication of new books per capita, as Israelis purchase some 12 million books every year, and it reported that the number of physicians in Israel per 100,000 people was 382, placing the country 7th out of 63 developed countries. "The profile of Israel that emerges from this comparative study is clearly one of a nation that is a superior partner for global business and worldwide collaboration," said Chief Scientist Dr. Eli Opper.