Visa rules hurting US: Gates
US visa regime has caused a decline in foreign computer science students so severe it is threatening to undermine America's position in the global software industry, said Bill Gates at the World Economic Forum in Davos.
The Microsoft chairman, whose company is one of the world's biggest employers of the global computer talent, branded the fall in student numbers a "disaster", the Financial Times reported.
The report quoted him saying that America's status as 'the IQ magnet of the world' was in peril due to the tough immigration laws it has adopted in the wake of the terrorist attacks of September 11 2001.
"There has been a 35 per cent drop in Asians coming to our computer science departments," Gates said.
The Microsoft chief also pointed towards the sharp difference between emerging markets such as India and China, where about 40 per cent of students take engineering degrees, and the US, where the proportion is about 4 per cent, the Financial Times reported.