Israel’s economy and success in pharmaceuticals, technology equipment and diamonds cited in report; Israel received 3.6% rank in innovation.
Israel was ranked the 8th most powerful country in the world.
Israel was placed in the top ten under the U.S. News and World Report “Best Countries” rankings, falling 8th in the category of the globe’s most powerful countries. The results are a study of over 80 countries on an array of categories, from power, to entrepreneurship and quality of life.
The rankings were made by research and data collection by BAV and the Wharton School of Business and The University of Pennsylvania in conjunction with U.S. News and World Report.
Israel was cited for having major influence in global affairs and for its strong economy. Israel’s success in the fields of pharmaceuticals, technology equipment and diamonds were also cited as factors for its high rating. Israel fell below the United States, which is in first place, as well as Russia, China, Germany, the UK, France and Japan.
Israel ranked 30th overall, and also fell in the 10th place under the “Movers” category. The category is a version of “metric predictive of a country’s future growth in terms of per capita purchasing power parity gross domestic product,” Israel falling in the top ten.
Under “Entrepreneurship”, Israel received an impressive 3.6 % score in the innovation category, the country’s booming innovation and high tech industries factors for the high ranking.
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