Robert Fadel speaks during an interview with The Daily Star in Beirut, Tuesday, July 17, 2012. (The Daily Star/Mohammad Azakir)
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Lebanon's competitiveness ranking fell by 10 notches this year to 113th place out of 144 countries worldwide, according to the Global Competitiveness Report issued by the World Economic Forum Wednesday. The Bader Young Entrepreneurs Program, a partner institute of the WEF in preparing the report, said in a statement that Lebanon obtained 3.68 marks out of 7, putting the country in 113th place, behind Senegal and ahead of Cote d'Ivoire. Lebanon came in 127th place with regard to basic competitiveness pillars, including the Institutions pillar in which Lebanon ranks 139th, and the Infrastructure pillar in which it comes 122nd, while it ranks 143rd in the Macroeconomic Environment pillar.Lebanon also took 101st place in Scientific and Technological Development, 75th place in terms of Business Sophistication, and the 119th in terms of overall Innovation.
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