Summary: The 2012 volume of Science & Engineering Indicators (Indicators) reinforces the National Science Board’s continuing and growing concern with the trends in private sector support for U.S. science and engineering (S&E) research. This research represents a critical building block for science and technology (S&T) based innovation, which is so essential to continued economic growth and prospects for employment in the S&E workforce. The decline in private sector funding for R&D during the most recent economic downturn, coupled with the observed increase in hiring of R&D workers in other countries by U.S.-based multinational corporations, underscores the need for continued and enhanced active involvement by government in nurturing S&T based innovation in the private sector. The U.S. has long enjoyed advantages in research and education that have undergirded private sector innovation, leading to economic and employment growth in relatively well paid high technology industries in this country. The Board’s concerns about private sector trends and the role of the public sector are explored in the policy companion report to Indicators 2012 entitled, Research & Development, Innovation, and the Science and Engineering Workforce.
If you have any questions regarding the report, please contact Jean Pomeroy (email@example.com or (703) 292-4519).
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For more information about the NSB Committee on Science and Engineering Indicators, please visit the SEI Committee home page.