A few snippets:
Read the complete discussion here.
Electronic News: How does engineering education in the U.S. stack up against other countries?
Hogan: You have to separate two things: There are researchers and there are practitioners. On the research side, the United States probably does a reasonable job. What I worry more about are the practitioners, the people who actually do the work every day. For every researcher you need maybe 20 people to get the job done. That's where we're falling way behind.
Electronic News: The decrease in funding has been going on for quite a while, but at the same time our universities and colleges seem to be pricing themselves out of existence. Is that happening in the engineering curriculum?
Harding: In 1995, the Council on Competitiveness published a number that 53 percent of all technology grad students were foreigners. At the time, there was an increasing percentage returning to their countries. So we are left with the worst of all worlds. We are educating the world's graduate students with public funds and then they're leaving the country to go back and compete with us.
Electronic News: Are universities entrepreneurial enough to make it more compelling to go to college, do research and get a piece of the action?
Wei: If government doesn't invest adequately in education and a professor walks in to me and says he is expecting his third child, his mortgage is high, and he has been offered three times his current salary, how can I tell that professor to stay?

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