lec08 - graduates each year 2 What is engineering like in...

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1 China has enormous economic power • Huge economic growth •6 th largest economy •3 rd most active trading nation • US economy still 8 times larger than China’s China’s strength lies in labor • Growth due to manufacturing • Skilled, educated, self- disciplined workforce • Cheap labor for manufacturing by workers (no automation or robotics) • Size of population is big asset What is the “China Price”? • Price of Chinese goods and services • American manufacturers must match • Good for consumers • Bad for (American) workers China’s future growth lies in science and engineering • New emphasis on scientists and engineers • 200-400 research labs by foreign companies • 325,000 engineering
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Unformatted text preview: graduates each year 2 What is engineering like in America? Supposed shortage of engineers Import immigrant engineers Green card H1-B visas L1 visas Export jobs outsourcing What are the policy implications? Bad for workers, good for consumers and corporations Middle class being squeezed Political and economic instability? What are the implications of globalization? Erosion of non-market values Whats in interest of corporations is not necessarily in interest of society Nations lose part of skill base Need for emphasis on science and engineering education China, India, & Mexico...
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This note was uploaded on 07/12/2009 for the course ENGR 101 taught by Professor Swinontek during the Summer '08 term at UCSB.

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lec08 - graduates each year 2 What is engineering like in...

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