Jerusalem construction 521.
(photo credit: Marc Israel Sellem)
Israel maintained its 19th place ranking in the 2013 IMD World Competitiveness
ranking, released on Thursday.
Israel scored its highest points in
technical and scientific infrastructure, but was held back by low scores for
productivity and efficiency, prices and basic infrastructure.
country’s highest “key attractiveness indicators” included a skilled workforce,
strong culture of research and development, high education level and a dynamic
Since 1997, Israel was among the countries whose rankings
increased the most, alongside China, Germany, Korea, Mexico, Poland, Sweden,
Switzerland and Taiwan. In 1997, it was ranked 25th.
president of the Federation of Israeli Chambers of Commerce, said the
improvement was a “tremendous achievement for the economy in the last 10 years,”
but noted that integrating excluded populations into the labor force and
regulation destructive to the business sector remained problematic.
United States, Switzerland, Hong Kong and Sweden topped the 2013 ranking, while
Bulgaria, Croatia, Argentina and Venezuela rounded out the bottom of the 60
countries included in the ranking.