Philippines to Get a Lion's Share in Global Engineering Services
MANILA, Philippines - A study by the Philippine Services Coalition has revealed that the global demand for engineering services will exceed supply in 2011.
With its big pool of qualified engineers, bolstered by adjustments on engineering curricula to match the needs of the market place, the Philippines is well positioned to get a bigger share of the engineering services market.
Funded by the European Union, the study aims to help the country play a bigger role in tapping into the fast-growing export of professional services.
"It appears that the Philippines is well poised to take advantage in the burgeoning trade in engineering services. It continues to produce many engineers deemed suitable for employment by multinational companies," the Philippine Services Coalition said.
"On a per thousand population basis, it has more qualified engineers than China and India and only a little less so than some Eastern European countries," it added.
The Coalition noted that Filipino engineers who hold credentials that meet international standards make up 20 percent of graduates.
Even without opening new engineering schools, the local colleges and universities can increase the percentage of world-class engineers. But this demands reforms in engineering education. …