Engineering the Future Economy
Posted on September 17, 2006 Comments (11)
Today most nations, that have their act together, realize high tech jobs and a highly educated workforce are a huge key to economic success and they (governments often, but also companies, rich individuals and foundations) are taking action to position their country to do well. Anyone that is serious about this should read about How to cultivate Your Own Silicon Valley.
Related: The World’s Best Research Universities – Science and Engineering in Global Economics – Global Share of Engineering Work – U.S. Slipping on Science – Chinese Engineering Innovation Plan – Worldwide Science and Engineering Doctoral Degree Data
Where’d The Whiz Kids Go? by Nick Perry:
A once-proud hub of innovation left to languish as brilliant people, new ideas and dazzling products bubble up elsewhere. An urban wasteland that’s left wondering — as Detroit was with cars — how it lost its mojo with software and the Internet.
That’s the dire message Microsoft’s top executives are sending to legislators, educators and anyone else who will listen.
Here is some interesting data:
Since then, despite Ballmer’s fist pounding, that figure has likely worsened. Among the 33,000 Microsofties working in Puget Sound, at least 11,000 are foreign-born.
I believe one of the things happening now is that many other countries are creating environments where leading scientists and engineers can more readily find rewarding (financially and professionally) careers. This is a good thing for the world. It means the United States risks losing the economic benefits that science, engineering and technology centers of employments provide as more world class scientists find opportunities elsewhere.
The costs of not making the right decisions today to support and develop a science and engineering economy will be great. I still believe, the USA is in the best position going forward and I also believe:
It does seem the USA has less focus on this issue than other countries. An interesting note from, A Technocrat Riding a Wild Tiger as quoted in China’s Economic Science Experiment:
11 Responses to “Engineering the Future Economy”
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January 15th, 2007 @ 12:09 am
[…] “During the first 20 years of the expansion, Harvard would build 4 million to 5 million square feet of buildings and create at least 5,000 jobs” […]
January 22nd, 2007 @ 12:27 am
Excellent reading, the report is full of useful information…
October 28th, 2007 @ 9:26 pm
At the macro-economic level investing heavily to create science and engineering centers of excellence is very wise (the USA, Europe, China, India, Japan… are going to benefit based on how well they do that). Creating the right economic climate is also important and the USA is in the strongest position in this area…
May 21st, 2008 @ 10:25 am
Science and engineering centers of excellence have been a very important factor in the economic success of the USA…
June 1st, 2008 @ 10:20 am
I do, however, think many in the USA today seem to think that it is their right to be rich. This can lead to behavior that is detrimental in the long term…
July 26th, 2008 @ 1:16 am
I completely agree…Growing with the world.
India is creating environments where leading scientists and engineers can more readily find rewarding (Both – financially and professionally) careers. This is a good thing for the world.
September 11th, 2008 @ 8:38 am
The economic benefits of investing in science are real…
November 1st, 2008 @ 12:42 pm
I think that science can help us to create more jobs and advnaces in the world. But when it comes to making money i think that teachers, cops, and firefighters should be making more of the money. They acctually save lives and educate. if we paid them higher salaries more people would want to pursue that career and would enjoy it.
December 2nd, 2008 @ 12:17 pm
“When looking at the long term data, USA manufacturing output continues to increase. For decades people have been repeating the claim that the manufacturing base is eroding. It has not been true…”
January 28th, 2009 @ 1:24 pm
This is a very thought provoking article. I agree that our rank on the global ladder is based on our technological and scientific prowess. However, as you have stated a lot of our talent are foreign born. Once the countries these talented individuals are coming from increase the benefits to stay and not come to the US will definitely be impacted. I think we should be focusing more on developing talented individuals in our own country in the science and technology fields. We are alreday seeing this with the push for girls to move into sciene and tech (commercials/programs). But I think we need to do more. I went to a magnet school specifically for tech and it helped me greatly. It allowed me to strictly focus my learning and specialize myself. I would love to see more magnet schools like this throughout the country for multiple industries. It will be interesting to see what the new administration will do. Great Article.
August 26th, 2014 @ 11:09 pm
[…] Consequences Flow from Failing to Follow Real Capitalist Model and Living Beyond Our Means – Engineering the Future Economy – Best Research University […]