Development Bank - Business and Trading Workshop

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Industry and Federal Government bear special responsibility for the
health of U.S. science and technology in the emerging global economy.
Several indicators, described earlier, imply a reduced commitment to
the U.S. enterprise by both the Federal and industry sectors -
especially to academic and basic research - over the last several
years, in spite of the growing importance of knowledge-based
industries in international trade. The potential impacts of
negative trends in R&D support, and especially support for basic
research, on the U.S. economy and  jobs are indeed troubling. As a
Nation we must renew our strong commitment to R&D to ensure our
continued pre-eminence in global science and technology. New metrics
are required to guide national R&D investments in all sectors to
ensure that we respond to the research needs in a rapidly changing
global economy.


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