Federal R & D and industrial policy

Abstract

Long-term U.S. economic growth requires better use of R & D resources and closer interaction of the academic, government, and industrial research communities. The federal government has proposed to increase support for university research as a key means of addressing national needs for new knowledge in fields important to industrial development and for training of technical personnel. But continuing growth in support for basic research depends on how well the science community can agree on what research investments will have the greatest impact in producing new knowledge.