Category Archives: Economics

Posts exploring the economic impacts of science and engineering. The value of strong science and engineering practice has many benefits to the economy – directly and indirectly. Many countries are focusing their future economic plans on advancing their scientific, engineering and technology communities and creating environments that support scientists and engineers.

Wind Power Technology Breakthrough

China Makes Huge Breakthrough in Wind Power Technology by Zijun Li:

Chinese developers unveiled the world’s first full-permanent magnetic levitation (Maglev) wind power generator at the Wind Power Asia Exhibition 2006 held June 28 in Beijing, according to Xinhua News.
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The Maglev generator is expected to boost wind energy generating capacity by as much as 20 percent over traditional wind turbines. This would effectively cut the operational expenses of wind farms by up to half, keeping the overall cost of wind power under 0.4 yuan (5 cents US), according to Guokun Li, the chief scientific developer of the new technology. Further, the Maglev is able to utilize winds with starting speeds as low as 1.5 meters per second (m/s), and cut-in speeds of 3 m/s, the chief of Zhongke Energy was quoted as saying at the exhibition. When compared with the operational hours of existing wind turbines, the new technology will add an additional 1,000 hours of operation annually to wind power plants in areas with an average wind speed of 3 m/s.

The Future is Engineering

Do Great Engineering Schools Beget Entrepreneurism? by Brent Edwards provides two great links.

How to Kick Silicon Valley’s Butt by Guy Kawasaki:

Focus on educating engineers. The most important thing you can do is establish a world-class school of engineering. Engineering schools beget engineers. Engineers beget ideas. And ideas beget companies. End of discussion.

If I had to point to the single biggest reason for Silicon Valley’s existence, it would be Stanford University—specifically, the School of Engineering. Business schools are not of primary importance because MBAs seldom sit around discussing how to change the world with great products.

Why Startups Condense in America:

You need a great university to seed a silicon valley, and so far there are few outside the US. I asked a handful of American computer science professors which universities in Europe were most admired, and they all basically said “Cambridge” followed by a long pause while they tried to think of others. There don’t seem to be many universities elsewhere that compare with the best in America, at least in technology.

Both essays make many excellent points – read them! Continue reading →

Open-Source Biotech

Open-Source Biotech:

Mr. Jefferson, the man credited with inventing one of the main tools used in plant genetic engineering, started his campaign in 1987 by doing what the big companies that dominate agricultural biotech rarely do: He shared his discovery of beta-glucuronidase gene (GUS), an indicator that tells where a gene is, how much it expresses, and when it acts.

GUS is widely credited for enabling many breakthroughs in plant biotech, including the development of one of Monsanto’s first and most profitable agricultural products, Roundup Ready soybeans. Mr. Jefferson first provided GUS and all the know-how to use it for free to hundreds of labs around the world.

When he secured his patents, he charged only what people could afford: Monsanto, he says, paid a substantial amount; academics and companies in the developing world, including those who wanted to use his work for commercial purposes, received it free of charge.

Continue reading →

Another Article on Engineering Shortage?

Shortage or surplus?

And the number one topic on everybody’s mind was, ‘Where we are going to find the staff to do the work that we have to do?’ ” said Doyle. “There might be rumors that there’s not a shortage, but you’re going to have a hard time convincing the CEOs of all these firms that there’s not a shortage.”
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Doyle attributed the shortage to a number of forces. An expanding economy has created more jobs, he said. “The demand is high. The need is greater.” Baby boomers are retiring. Fewer engineering graduates seem to be entering the work force, especially in the architecture and engineering industry. Foreign-born engineers educated in the U.S. are now likely to return home to countries such as India and China where economies are growing exponentially.
… Continue reading →

Science, Engineering and Technology Graduates Paid Well

ForfÃ¡s report says starting salaries for science engineering and technology graduates are amongst the highest of all Irish graduates.

Speaking at the awards ceremony Minister Martin said, “This report highlights the exciting careers and levels of opportunity open to graduates and students in the science, engineering and technology sector. These graduates and students are at the forefront of Ireland’s transition as a world leading knowledge economy, working at the cutting edge of innovation and research.
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Across a range of qualifications from primary degree to PhD level the report shows that graduates in disciplines with a strong science and technology content tend to be better paid than graduates in other disciplines.

This is another example of countries targeting science and engineering education to improve future economic progress and the high pay of engineering graduates. Previous related posts:

Malaysia Looking to Learn from India

Lessons from India’s Success in IT Industry

Infosys alone has hired 300,000 fresh engineering graduates in the various disciplines so far this year and plans to take in another 140,000.

They will undergo a 14-month IT course designed to meet the current requirements of the relevant industries.

The numbers of new hires is amazing (update – see comments, in fact the numbers are not for Infosys. According to Bloomberg:

India’s biggest software makers, hired about 229,000 workers in India in the year to March 31, according to National Association of Software and Service Companies, or Nasscom. Tata Consultancy plans to add 30,500 jobs this year and Infosys 25,000, the companies said separately in April.).

Continue reading →

Scientific Illiteracy

Scientific Illiteracy and the Partisan Takeover of Biology by Liza Gross, Public Library of Science:

Since 1979, the proportion of scientifically literate adults has doubled—to a paltry 17%. The rest are not savvy enough to understand the science section of The New York Times or other science media pitched at a similar level. As disgracefully low as the rate of adult scientific literacy in the United States may be, Miller found even lower rates in Canada, Europe, and Japan—a result he attributes primarily to lower university enrollments.

While the 17% figure does not amaze me I am surprised that the scientific literacy has doubled since 1979.

A comparison of science education achievement: International Association for the Evaluation of Educational Achievement (TIMSS), Average science scale scores of eighth-grade students, by country (2003), top 13 shown below:
Continue reading →

Engineering Education: Can India overtake China?

Engineering education: Can India overtake China? by George Iype, Rediff:

India currently has 113 universities and 2,088 colleges, many of which teach various engineering disciplines. Engineering colleges in the country have been growing at 20 per cent a year, while business schools have grown at 60 per cent.
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According to a McKinsey Global Institute study on the emerging global labour market, India produces a large number of engineering graduates every year, but multinationals find that just 25 per cent of them are employable. ‘In India, the overall quality of the educational system, apart from the top universities, could improve significantly,’ the report said.

Once again they quote the 600,000; 400,000 and 70,000 figures which the Duke University study shows is misleading. Still the short article provides some interesting information. Also the comment section shows the Duke study is beginning to seep into the public consciousness.

Examining the best numbers we can get (and trying to get better numbers to use for analysis) is a good idea. Still, we should not ignore the importance of the large macro trend. China and India are producing a significantly increasing proportion of the world’s engineers. Duke’s study indicate the comparison numbers are exaggerated, but the underlying trend is still strong and real.

I think the increase in China’s and India’s engineers will be a good thing for the world. And I think the both countries will continue to increase the numbers of engineers that are equal in skill and ability to others internationally (I can imagine today a higher percentage of USA engineers are highly skilled but that will not necessarily be true 30 years from now – it depends on the actions taken by many people, in government, academia and industry).

The continuation of the trend is not guaranteed; it will largely depend on the the continued economic success of India and China. If it continues it will also require some adjustments by engineers everywhere, which is one reason getting better data is wise.

Basic Science Research Funding

Excellent summary from the European Union.

National Basic Research Program of China

America’s economy is losing its competitive edge and Washington hasn’t noticed by Benjamin Wallace-Wells

For decades, the United States ranked first in the world in the percentage of its GDP devoted to scientific research; now, we’ve dropped behind Japan, Korea, Israel, Sweden, and Finland. The number of scientific papers published by Americans peaked in 1992 and has fallen 10 percent; a decade ago, the United States led the world in scientific publications, but now it trails Europe. For two centuries, a higher proportion of Americans had gone to university than have citizens of any other country; now several nations in Asia and Europe have caught up.

The Emergence of China as a Leading Nation in Science by Ping Zhoua and Loet Leydesdorff:

China has become the fifth leading nation in terms of its share of the world’s scientific publications. The citation rate of papers with a Chinese address for the corresponding author also exhibits exponential growth.

$100 Laptops for the World

$100 Laptop from MIT OLPC project

The MIT Media Lab is developing a $100 laptop to provide affordable and appropriate technology to all parts of the world. One Laptop per Child is a non-profit created to pursue this project (which is independent of MIT).

What is the $100 Laptop, really?
The proposed $100 machine will be a Linux-based, with a dual-mode display—both a full-color, transmissive DVD mode, and a second display option that is black and white reflective and sunlight-readable at 3Ã— the resolution. The laptop will have a 500MHz processor and 128MB of DRAM, with 500MB of Flash memory; it will not have a hard disk, but it will have four USB ports. The laptops will have wireless broadband that, among other things, allows them to work as a mesh network; each laptop will be able to talk to its nearest neighbors, creating an ad hoc, local area network. The laptops will use innovative power (including wind-up) and will be able to do most everything except store huge amounts of data.

This is another wonderful example of engineering a better world. The challenges are still large. Making such an audacious plan work will not be easy but if they pull it off the potential benefits are enormous.

UN debut for $100 laptop for poor by Jo Twist, BBC News

Our $100 laptops will run on human power, Rediff