Innovation-Based Economic Security

The US is at a crossroads in science and technology policy. Since the end of World War II, US government support for the creation and dissemination of new science and engineering knowledge has been justified on the grounds that it addresses health, environmental, and other major social challenges sh...

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Bibliographic Details
Published inIssues in science and technology Vol. 37; no. 4; pp. 44 - 47
Main Authors TYSON, LAURA D., GUILE, BRUCE
Format Journal Article
LanguageEnglish
Published Washington Arizona Board of Regents for Arizona State University 01.07.2021
Issues in Science and Technology
Subjects
Academic Achievement
Aerospace Education
Collaboration
Competition
Decoupling
Defense
Economic development
Economic growth
Economic policy
Economic Progress
Economics
Engineering
Federal Government
Geopolitics
Incentives
Innovation
Innovations
Knowledge
National security
Personality Traits
Principles
R&D
Regulation
Research & development
Research & development expenditures
Research and Development
Research funding
Research Needs
Security
Supply chains
Technology policy
THE NEXT 75 YEARS OF SCIENCE POLICY
War
World War II
United States > US
China
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Summary:The US is at a crossroads in science and technology policy. Since the end of World War II, US government support for the creation and dissemination of new science and engineering knowledge has been justified on the grounds that it addresses health, environmental, and other major social challenges shared by nations around the world; fosters both national and global economic growth and development through innovation; and strengthens national security. The rapid growth and integration of global capabilities caught the US, long accustomed to being dominant in both science and innovation, off guard. The rise of China as a science and engineering powerhouse, as well as an overt economic and geopolitical strategic competitor to the US, has alarmed US politicians and policymakers. Policy discussions about "decoupling" from Chinese science and engineering, and multi-billion dollar proposals for US government domestic R&D investment to achieve an ill-defined "win" in an innovation competition with China, ignore the reality of globally networked scientific and engineering capabilities and innovation processes.
ISSN:0748-5492
1938-1557