Specificity of the Bipartisan Consensus on Innovation Policy in the USA

• Published in: Review of Business and Economics Studies Vol. 13; no. 1; pp. 73 - 83
• Main Authors: Menshikov, P. V., Menshikova, A. M.
• Format: Journal Article
• Language: English
• Published: Financial University 15.04.2025
• Subjects: advanced technologies; artificial intelligence; democratic party; innovation policy; quantum computing; r&d; republican party; skilled immigration; us technological competition with china; usa
• ISSN: 2308-944X; 2311-0279
• DOI: 10.26794/2308-944X-2025-13-1-73-83

The purpose of this study is to assess the prospects for the development of US innovation policy at the present stage. The methods of statistical and comparative analysis, deductive analysis, as well as analysis of historical data and the current state of the problem, are used. The paper considers the evolution of the bipartisan consensus of the Republican and Democratic parties of the United States on innovation policy issues. The current study presents an analysis of the system of state regulation of innovation policy in the United States, the specifics of the approaches of the Republican and Democratic parties to the problem of ensuring leadership in the global innovation sphere in the context of intense competition with China. The results show that innovation policy is considered by both system-forming parties of the United States as a priority for ensuring national security and maintaining the leadership of the United States in the global economy, the international technological ecosystem, which necessitates revising approaches to its state regulation and developing key drivers for accelerating scientific and technological progress, which the state intends to focus on in matters of stimulating innovative activity in the country computing, technological competition between the United States and China.