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| By: Israel Insider staff |
| Published: August 20, 2007 |
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Approximately 25,000 high-tech workers have left Israel in the last seven years to work in US electronics and software companies, according to the president of the Manufacturers Association of Israel, Shraga Brosh.
"The continuous cutting of NIS 4.5 billion, since 2000, in research and development has caused a number of factories to transfer their research and development activities to different countries around the world, where they receive much better conditions," said Brosh, Haaretz reported.
"The slash has also caused the loss in exports of more than $10 million, and each billion dollars in exports creates employment for 15,000 people," he added
Brosh has urged Finance Minister Roni Bar-On to expand the government's budget to support more research and development. The government supported 20 percent of such activities between 1990 and 1996, as compared with the five percent it currently supports.
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