Board on Science, Technology, and Economic Policy
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"Under a congressional charter of 1863, the National Academies advise the U.S. government, public, and the international community on all aspects of science, technology, and health. In 1991, as concern about international economic competition intensified, the Academies created a standing program on Science, Technology, and Economic Policy (STEP) to identify means of accelerating innovation, advancing competitiveness, and improving monitoring of the nation’s economic performance through the Academies’ process of convening expert committees, conferences, and workshops, and issuing thoroughly reviewed, authoritative reports. Under the guidance of a committee of industrialists, financial executives, former policymakers, and academic economists (including three Nobel Laureates) STEP has addressed questions of trade, tax, human resources, intellectual property, research and development, information, and statistical policy.
STEP has also studied the policy implications of global innovation trends in major service and manufacturing industries, principally semiconductors and other electronic components, computing, software, telecommunications, aerospace, chemicals, pharmaceuticals and biotechnology, steel, financial services, logistics and goods transportation, apparel, and venture capital. Efforts to document and evaluate the innovation policies of several other nations and initiatives undertaken at the state and regional levels in the United States are currently underway."