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The Beginning of a Worrying Trend?



September 16, 2009 – Comments (4) | RELATED TICKERS: MSFT , AAPL , GS

The following article from the Financial Times relates to a major fundamental trend, which will probably have some positive and negative consequences for the U.S. and Europe. All told, however, it's far from clear that the net impact for Western economies will be positive.

It is essential that we bolster the prestige of science and engineering compared to finance, law, and consulting -- just as the U.S. did in the wake of the Soviet launch of Sputnik. At that time, the stakes were strategic and military, today they are mainly economic -- yet they are vitally important nonetheless.

Europe Turns to China and India for Engineers, Financial Times, September 16, 2009  [A login may be required.]







4 Comments – Post Your Own

#1) On September 16, 2009 at 7:09 AM, cthomas1017 (98.90) wrote:

I was once staunchly for limiting the number of high caliber immigrants allowed into the country until a very persuasive presentation (about 12 years ago)  by an Indian immigrant who submitted that turning away brain power would create entreprenuers in other countries who would compete with our own US industries.  He went on to talk about the promise of the American dream and the attractiveness of our values that brought him to the US.  I have yet to experience a more impassioned and rationally presented talk since.  (And I include the TED presentations as a part of that comparison.)

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#2) On September 16, 2009 at 8:56 AM, lemoneater (57.86) wrote:

I know the trend has been a long time in making. (I don't know as much about Europe. I still think and hope that Germany emphasizes the sciences.) The U.S. is short on engineers because math and science education is not as a priority for many school. Judging from their lack of emphasis, many schools public and private must have the attitude that math and science are irrelevant. My husband who teaches electrical engineering was incredulous that one of the students wanting to enter the major couldn't even do long division (I had that in 5th grade) much less algebra! Somewhere along the way (elementary, middle school, and high school) students are not prepared properly for the future. One doesn't turn into an engineer or scientist by accident!

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#3) On September 16, 2009 at 8:58 AM, lemoneater (57.86) wrote:

Forgive the typos above. I didn't see them until I saved my comment :(.

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#4) On September 16, 2009 at 9:37 AM, catoismymotor (< 20) wrote:

#3 - No worries. When I create a typo it is usually because I am in a hurry and/or running low on caffeine.


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