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    The Role of Engineers in Economy Development

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    scientistastr20
    Engineers play a vital role in national economic development through technology and innovation. They design infrastructure, tools, and processes that improve production, education, resource management, and living standards. As a society's economy grows more advanced, the tertiary and industrial sectors expand through engineering contributions. While engineers traditionally focused on technical work, their role is expanding into leadership, policymaking, and politics to ensure infrastructure and energy plans incentivize sustainable development. With their problem-solving skills and understanding of both science and economics, engineers are well-positioned to drive a country's growth through innovative projects and public policy that builds modernized systems and raises living standards.

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    The Role of Engineers in Economy Development

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    scientistastr20
    97 views19 pages
    Engineers play a vital role in national economic development through technology and innovation. They design infrastructure, tools, and processes that improve production, education, resource management, and living standards. As a society's economy grows more advanced, the tertiary and industrial sectors expand through engineering contributions. While engineers traditionally focused on technical work, their role is expanding into leadership, policymaking, and politics to ensure infrastructure and energy plans incentivize sustainable development. With their problem-solving skills and understanding of both science and economics, engineers are well-positioned to drive a country's growth through innovative projects and public policy that builds modernized systems and raises living standards.

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    THE ROLE OF ENGINEERS IN ECONOMY DEVELOPMENT

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    Engineers play a vital role in national economic development through technology and innovation. They design infrastructure, tools, and processes that improve production, education, resource management, and living standards. As a society's economy grows more advanced, the tertiary and industrial sectors expand through engineering contributions. While engineers traditionally focused on technical work, their role is expanding into leadership, policymaking, and politics to ensure infrastructure and energy plans incentivize sustainable development. With their problem-solving skills and understanding of both science and economics, engineers are well-positioned to drive a country's growth through innovative projects and public policy that builds modernized systems and raises living standards.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    97 views19 pages

    The Role of Engineers in Economy Development

    Uploaded by

    scientistastr20
    Engineers play a vital role in national economic development through technology and innovation. They design infrastructure, tools, and processes that improve production, education, resource management, and living standards. As a society's economy grows more advanced, the tertiary and industrial sectors expand through engineering contributions. While engineers traditionally focused on technical work, their role is expanding into leadership, policymaking, and politics to ensure infrastructure and energy plans incentivize sustainable development. With their problem-solving skills and understanding of both science and economics, engineers are well-positioned to drive a country's growth through innovative projects and public policy that builds modernized systems and raises living standards.

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    © All Rights Reserved
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    of 19

    THE ROLE OF ENGINEERS IN

    NATIONAL ECONOMY
    DEVELOPMENT.

    By
    AYOOLA, Phillip (PhD)
    ► The American Engineers' Council for Professional Development
    defines Engineering as: "The creative application of scientific
    principles to design or develop structures, machines, apparatus, or
    manufacturing processes, or works utilizing them singly or in
    combination; or to construct or operate the same with full
    cognizance of their design; or to forecast their behaviour under
    specific operating conditions; all as respects an intended function,
    economics of operation and safety to life and property.“
    •One who practices engineering is called an engineer.
    •Engineers borrow from physics and mathematics to find suitable
    solutions to the problem at hand.
    What do engineers do?
    Engineers:
    ► design
    ► create.
    ► explore.
    ► innovate.
    Engineers receive education and training in many different fields.
    They work in many different environments.
    Engineers do things that make the world worthy of living.
    Major Roles of Engineers in the Society
    •Technical
    •Social
    •Economic

    ► Engineering bridges the gap between Society and Scientific


    Knowledge.
    What is Economic Development?
    Economic development is a sustainable increase in living
    standards that implies increased per capita income, better
    education and health as well as environmental protection.
    Economics can also be defined in many ways; following are
    some of the definitions.
    •Economics is the human Science which studies the
    relationship between scarce resources and their various uses
    which compete for these resources.
    •Economics is the study of how society decide what to
    produce, how to produce and whom to produce.
    Economic Development
    ► The economic development process supposes that the
    legal and institutional adjustments are made to give
    incentives for innovation and for investments so as to
    develop an efficient production and distribution for
    goods and services.
    Economic Activities
    PRIMARY SECTOR
    •Simply speaking primary sector refers to that sector of the economy which uses natural resource to produce
    goods.
    •Natural factors play crucial role in the production process. Agriculture and allied activities like mining,
    fishery, forestry, diary and poultry are included in this sector.

    SECONDARY SECTOR
    •Secondary sector is also called as manufacturing sector or industrial sector.
    •The sector which transforms one physical good into another is called secondary sector. The manufacturing,
    electricity, gas, water supply etc. are included in this sector.

    TERTIARY SECTOR:
    The service sector of the economy is called tertiary sector. Services of various kinds like education, health,
    banking, insurance, trade and transport are included in this sector. In advanced countries, the contribution
    of tertiary sector to national income is the highest.
    ECONOMY DEVELOPMENT

    •Quality Education
    •Clean and efficient energy
    •Sophisticated infrastructure
    •Improved social Amenities
    •Increasing phase in GDP per capita
    •Ability of self-production
    •Good economic stability
    THE ROLE OF ENGINEERS IN NATIONAL
    ECONOMIC DEVELOPMENT
    TECHNOLOGY AND INNOVATION
    This has played a vital role in:
    ► Education
    ► Production
    ► Construction
    ► Information and Telecommunication
    ► Foreign Exchange
    ► Infrastructure
    ► Clean, Sustainable Energy
    TECHNOLOGY AND INNOVATION

    Quality Education with modern days technology:

    Many developed countries balance and sustain their economy with returns from
    their institutions and colleges

    Efficient Production :
    Production of goods have been multiplied with less human effort, low cost, and
    improved qualities.
    TECHNOLOGY AND INNOVATION

    Information Communication and Technology:


    ► The rapid growth in ICT and Telecommunication has
    open doors of opportunities, and in turn boost the
    economy.
    Infrastructure:

    ► The huge investment in Engineering in Dubai makes


    it a must go area for luxurious lovers.
    TECHNOLOGY AND INNOVATION

    Development/ Construction:
    The Engineers deal with the creation, improvement, and
    protection of the environment, providing facilities for living,
    industry and transportation, including large buildings, roads,
    bridges, canals, railroad lines, airports, water-supply
    systems, dams, irrigation, harbours, docks, aqueducts,
    tunnels, and other engineered constructions within a given
    region which produces high economic values.
    Clean, Sustainable Energy:
    ► Power plays a huge role in any other developments that
    happen to a country.

    ► Stable and sustainable power; stable and sustainable


    economy.
    Engineering Economics
    •Engineering economics, previously known as engineering economy, is a subset
    of economics concerned with the use and "...application of economic principles"
    in the analysis of engineering decisions.
    •Get familiar with project management Costing, Accounting and Learn all the
    rudiment of economic development.
    •You will need these knowledge as you advance in leadership during your
    career.
    ► Engineers personal Development must include leadership and preparation for
    participation in National politics. This is where decision makers and policy
    that affects National economy are made.
    •The Era of Engineers sitting back as advisers and consultants is fading Prepare
    for the Leadership of your country
    THE ROLE OF ENGINEERS IN NATIONAL
    DEVELOPMENT
    Engineers and Politics:
    ► Involvement of Engineers in politics afford them the opportunity to be at these
    policy/decision making bodies. Engineers at these levels, use their professional
    knowledge to attract and defend important engineering infrastructural
    development projects. Similarly, Engineers in politics contribute to the
    enhancement of the welfare of other Engineers thereby motivating them to higher
    productivity for national economy development.
    ► Engineering is the bedrock for development of any serious Nation. China has 15
    high policy makers, 9 are Engineers. You and I know the level where China is
    today in terms of world power and National Economy Development.
    Conclusion
    •Every Section of Economic activity has the roles of engineering and
    technology. Whether it is Raw material, manufacturing or distribution.

    •The Challenges facing country in Energy, Infrastructures and environment


    are engineering challenges.

    •Engineers must play a much stronger role in the public policy process to
    provide the right incentives for industry and others to move on sustainable
    path so that engineers can be encouraged and supported to design
    sustainable technology for the purpose of economic development that
    benefits society in a holistic way now and in future.

    •Therefore the engineers of 21stcentury cannot afford to sit back.


    Recommendations
    •Engineers need to develop broad fundamental understanding of their professional
    responsibilities in the society.
    •Students in tertiary Institutions need to begin to see themselves more as potential
    engineering ambassadors and prepare for the challenges of participating in the
    Socioeconomic activities in the country
    •Their activities on campus shouldn’t be inclined on activism but on development and
    innovation. The era of activism to gain power is fading. We are no longer in military era
    •The era of engineers being limited to the workshops and on the field is becoming outdated.
    •The students have an opportunity to integrate their "professional code" into their daily work
    as engineering students.
    •Programmes that bring professionals into the academic folds are to be more encouraged.
    No Engineers, No Development
    References
    •Antonelli C. (2003) The economics of Innovation, New Technologies and Structural change,
    London ; Routledge Innovation Economics
    •Steil B., Victor D. G., Nelson R. R. (2002) Technological Innovation and Economic Performance,
    A council of Foreign Relations Book ; Princeton University Press.
    •Farrel C. J. (in press) Economics, R & D and growth.
    •http://www.me.utexas.edu/~srdesign/paper/
    •https://www.bis.org/review/r110617f.pdf
    •THE ROLE OF ENGINEERS IN ECONOMIC DEVELOPMENT by Tochukwu Francis Okoye

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