The Role of Engineers in National Economy Development
The Role of Engineers in National Economy Development
The Role of Engineers in National Economy Development
) FUNMILADE AKINGBAGBOHUN
1
1 FNIMechE,MNSE
Engineers:
design
create.
explore.
innovate.
Engineers receive education and training in many
different fields.
• Technical
• Social
• Economic
Engineering as a Bridge between
Science and the Society
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
How can we get there?
All of these efforts over the past few decades have failed to
lead to the desired economic growth
How can we get there?
Give a person a fish: you have fed him for today. Teach a person
to fish: you have fed him for a lifetime.”
And: teach him how to process and package fish for export, and
you have stimulated economic development.
Education
Production
Construction
Information and Telecommunication
Foreign Exchange
Infrastructure
Clean, Sustainable Energy
Source: OECD, The Future of Productivity, forthcoming
TECHNOLOGY AND INNOVATION
Efficient Production :
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
• 3D printing
• Synthetic biology
• Brain enhancements
• Nanomaterial
• Etc.
How can we get there?
• Antonelli C (2003) The economics of Innovation, New Technologies and Structural change, London ; RoutledgeInnovation Economics
• Steil B, Victor DG, Nelson RR (2002) Technological Innovation and Economic Performance, A council of Foreign Relations Book ; Princeton University Press.
• Farrel CJ (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