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National R & d policy: an industrial perspective.

R W Schmitt

    Science (New York, N.Y.)
    |June 15, 1984
    PubMed
    Summary
    This summary is machine-generated.

    Government research and development (R&D) policy should focus on supporting academic research and foundational science. Policies should foster private innovation and meet government needs, rather than targeting specific industries or markets.

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    Area of Science:

    • Economic Policy
    • Science and Technology Studies
    • Innovation Management

    Background:

    • Effective government research and development (R&D) policy is crucial for enhancing national industrial competitiveness.
    • Previous policies have often focused on direct industry support, with mixed results.
    • Understanding the optimal role of government in R&D is an ongoing challenge.

    Purpose of the Study:

    • To analyze the effective and ineffective applications of government R&D policy in improving national industrial posture.
    • To provide actionable guidelines for federal R&D policy formulation.
    • To differentiate between direct and indirect government interventions in innovation.

    Main Methods:

    • Policy analysis framework applied to government R&D initiatives.

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  • Comparative study of different R&D policy approaches.
  • Literature review on industrial policy and innovation economics.

    • Main Results:

    • Direct government support for industrial R&D is less effective than support for academically based research.
    • Focusing on fundamental science and technology (sunrise science) yields better long-term results than targeting specific sunrise industries or products.
    • Creating a favorable climate for private innovation is more impactful than selecting specific innovations for government support.
    • Development driven by government's own needs is a more appropriate role than development for market needs.

    Conclusions:

    • Federal R&D policy should prioritize foundational research and a supportive ecosystem for private innovation.
    • Government R&D strategy should concentrate on scientific advancement and its own procurement needs, not market intervention.
    • Shifting focus from industry-specific support to broader scientific and innovative capacity building is recommended.