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Jerusalem, 19 March 2000
Industry Minister Cohen: Vision - $25,000 GDP per Capita within 10 Years
(Communicated by Ministry of Industry and Trade Spokesman)
Minister of Industry and Trade Ran Cohen at today's cabinet
meeting (Sunday) 19.3.2000, defined the Ministry's vision for the
coming decade, including raising Israel GDP per capita to $25,000
and reducing socio-economic gaps. The Ministry's priorities are
to increase economic growth and reduce unemployment. He briefed
the cabinet on the Ministry's aid for R&D, encouragement of
capital investment, development of industrial parks and
investment in human capital resources.
In order to achieve the Ministry's targets, it will be necessary
to take the following steps:
guarantee competitive conditions for high-tech industrial
investment
improve competitiveness and prevent monopolies and cartels
a national investment of 3% of GDP in R&D
laws to encourage R&D and capital investment appropriate to
the era of globalization and to improve the efficiency of
investment in the economy
expand the productively active population
encourage private investment in the Arab sector, establish
industrial parks and technology hot-houses
develop partnerships with trading blocs, penetrate new markets
and work with international organizations
establish a biotechnology center
massive aid for peripheral areas
professional training for the ultra-orthodox community.
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