Science, Engineering and the Future of the American Economy
Posted on January 22, 2007 Comments (8)
9 leaders (Craig Barrett, Charles Vest, Scott McNealy, Gururaj “Desh” Deshpande, Judith Rodin, Rick Rashid, Nick Donofrio, Dr. Ralph Wyndrum Jr. and Lou Dobbs) share their thoughts in Keeping Research and Leadership at Home by Vivek Wadhwa:
Craig Barrett, Intel chairman – Currently we have lost the race in K-12 education, we are losing our position as a top educator of science, technology, engineering and mathematics students, we are losing our lead in university research, and we have our head in the sand on government policy.
Gururaj “Desh” Deshpande, Sycamore Networks co-founder and chairman – We believe that all of this greatly increases the chances of a particular innovation having impact. Such sophisticated systems can only be developed in the U.S. because it is the only country with both flexible thinking and free markets.
Charles Vest, former president of MIT, president-elect of the National Academy of Engineering – We’re on top, but our share of the world’s R&D spending, new patents, scientific publications, researchers, and BA and PhD. degrees in science and engineering are all dropping. We need to start right now to strengthen investment in basic research, get serious about K-12 education, especially in math and science, and attract more of our best and brightest young men and women into what will be crucial and exciting careers in engineering and science.
In previous posts I discuss my thoughts on the important topics of science, engineering and the economy: The Future is Engineering – Science and Engineering in Global Economics – Engineering the Future Economy – Diplomacy and Science Research – Economics and Science and Engineering – U.S. Slipping on Science
Many people have a mistaken impression of global manufacturing. The most fundamental economic facts of global manufacturing are:
- Global output is increasing and
- Jobs are decreasing everywhere, not moving from one place to another – decreasing everywhere. China has lost far more manufacturing jobs than the USA
- China’s output is growing rapidly
- The USA is still by far the largest manufacturer, USA output is growing faster than global output and much slower than China’s output.
- Japan is the second largest manufacturer with China third, by a fairly large margin.
Related: Recapturing R&D Leadership – China challenges dominance of USA, Europe and Japan – Basic Science Research Funding – The World’s Best Research Universities – USA Under-counting Engineering Graduates – Engineers in the Workplace – China and USA Basic Science Research – Myths of Manufacturing Productivity