Memo+23


 * Hegemonic Backdrops**

The competence of a nation in global economic competition relies on its industrial innovation (knowledge economy). Specifically, the industrial innovation relies on the creativity of technicians (engineers). Therefore, investment in the human capital of knowledgeable labor is a crucial national strategy in enhancing a nation's competence. The advantage of the US and the American economy is due to its strong R & D in industry. Even barely manufacturing anything, the US is making the most profit for exporting knowledge and technology.

The excellence of an enterprise also depends on the innovation by its engineers. Competition between companies is the competition of human resource. The best solution for companies combines technological as well as commercial concern. Therefore, engineers should also understand commerce and management.

The current higher education in engineering is fruitful in teaching students technological knowledge. However, to produce more competent students in industry, universities should make more effort to cultivate the students' abilities in searching creative technological solutions and business plans. Students should not only consider the technical feasibility but also the commercial prospects of their ideas.

The engineering career is an ideal career. It is well paid, light work. Moreover, engineering is a safe job, no matter who take the government, engineers will be well treated because of their importance. Engineering work combines social value and individual interest. Technological innovation meets the individual curiosity as it creates social goods.