17.7. R&D EXPENDITURE AND SCIENCE POLICY

The information and analyses presented here should provide an overview of the considerable investment industrialized nations are making in R&D. The importance of this investment in both basic and applied research cannot be overstated. Discussions related to the importance of basic research and the impact of technical innovation on economic development may provide some information useful for developing a national science policy.

Science policy is the nexus of science (in general: basic research, applied research and development, and innovation) and public policy (broadly speaking: public decision-making processes, generalized guidelines, regulatory measures, and funding priorities). Nations will rely on ...

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