Objective: The aim of the paper is to present an analysis of the research policy of the USA, understood as the integral part of the US public policy. This is the way it has been presented in recent publications in the field.
Research design and methods: Research policy might be an effective means of stimulating socio-economic development. The literature review helps to define the distinctive features of the American research policy.
Reasoning: The paper starts with an overview of publications appreciating the role of new technologies. The activities of the federal government are then analyzed with the emphasis on stimulating and supporting innovations in the US. The exploration of the connections between technological progress and economic cycles completes the analysis.
Findings: In contrast to some popular claims, 21st century technological progress is driven not only by the invisible hand of the market but also by the often neglected interventions of the government.
Implications and recommendations: Innovations require some form of public authorities support. It is vital to remember that this support should be broadly understood, including for example even the early stages of education.
public policy ; research policy ; USA
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