European countries, historically known for their dominance in the field of software.
Give credit where credit is do.
Having said that, I do agree that US companies tend to be better at commercializing new ideas than European ones.
Obviously there are good engineers in Europe. There just aren't as many as there are in the US, in large part because the US encourages immigration with much higher salaries.
On a more serious note, the US awards more college degrees per capita than most other developed nations. Strict licensing requirements or not, software engineering is just what it's called here because of the many and obvious similarities between it and other kinds of engineering.