lec08

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 • What’s 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 12/18/2009 for the course CS 101 taught by Professor Swiontek during the Spring '09 term at UCSB.

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

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