Israel is considered the most advanced country in Southwest Asia and the Middle East in economic and industrial development. Israel's quality university education and the establishment of a highly motivated and educated populace is largely responsible for spurring the country's high technology boom and rapid economic development. In 2010, it joined the OECD. The country is ranked 3rd in the region and 38th worldwide on the World Bank's Ease of Doing Business Index as well as in the World Economic Forum's Global Competitiveness Report. It has the second-largest number of startup companies in the world (after the United States) and the largest number of NASDAQ-listed companies outside North America.
When did Israel join the OECD?
2010