Israel's market 27th best for entrepreneurs

By AVI KRAWITZ
October 27, 2005 23:19
2 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Israel ranked as the 27th most suitable market for entrepreneurs, the same position it held last year on the Milken Institute Capital Access Index.

California-based Milken Institute, a nonprofit economic think tank, published its findings on Thursday. The United Kingdom placed in the top position for the first time, having ranked third in 2004. It displaced Hong Kong and Singapore, which each dropped a position to second and third respectively.

Be the first to know - Join our Facebook page.


Milken said the object of the index is to evaluate the ability of new and existing businesses to access capital around the world.

"The ability to access capital is crucial to entrepreneurship," the report said.

This year's index expands coverage from 88 to 121 countries, representing 92% of global GDP, and measures more than 50 criteria from the strength of banking systems and the diversity and efficiency of financial markets to general economic conditions.

The report attributed the UK's rise to its vibrant equity market, highlighted by lower volatility on the London Stock Exchange and a sharp rise in its number of listings.

The US climbed two places to fourth, followed by Sweden, Denmark, Australia, Norway and Finland. Canada and Ireland tied for 10th.

JPOST VIDEOS THAT MIGHT INTEREST YOU:


New Zealand, ranked 14th, had the biggest improvement in score, while Mexico at 43rd and Bulgaria in 53rd had the steepest climb up the ranking, up eight positions each.

On the opposite end, the Philippines and Thailand had the sharpest declines of nine positions each as "Asian countries showed a continued lack of progress in bond market development."

The index, which was started in 1998, is based on the premise that efficient financial markets are key for long-term growth and reducing income polarization.

African countries occupied 17 of the bottom 20 positions. Chad came in last, underperforming the Republic of Congo and Guinea.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS