![]() New Economy Index Home Introduction SECTION I What's New About The New Economy? SECTION II New Economy Outcomes: Impacts on Americans SECTION III Foundations for Future Growth Progress Towards Digital Transformation E-Commerce Internet Hosts Households Online Businesses Online Government IT Expenditures Schools Online Bandwidth Investment in Innovation Venture Capital Federal R&D Private R&D Patents Capital Investment Costs of Economic Regulation Fostering New Economy Skills Math and Reading Scores Scientists and Engineers in the Workforce Science and Engineering Degrees Worker Education Corporate Training Explaining the Productivity Paradox The Knowledge Economy Nine Myths About the New Economy Data Sources Endnotes The Authors ![]()
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FOSTERING
NEW ECONOMY SKILLS The Numbers of Engineers and Scientists Are GrowingWHY IS THIS IMPORTANT? Technological innovation is one of the key drivers of overall economic progress, and it is fueled by a strong engineering and scientific workforce. THE
TREND: ( Foreign-born scientists and engineers are also becoming a more valuable part of our economy. The numbers of immigrant scientists and engineers admitted with permanent visas to meet growing industry demand has doubled from 0.3 percent of the science and engineering workforce in 1988 to 0.6 percent in 1993. Similarly, while only 1.3 percent of all Ph.D. scientists and engineers in the United States who have had a degree for more than 25 years are foreign born, almost one-quarter (24.3 percent) of those who earned their degrees in the last five years are foreign born. THE DATA:
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