The US has emerged as the world leader in science and technology research and development in the 60 years following World War II. This status is due, in part, to a successful public-private partnership in research and higher education fostered after the war, and to the fiercely competitive and innovative nature of US industry. This paper provides some background to the complexities of US federal funding of research and development, as well as a brief history of US science and technology policy following World War II. The paper describes how research is managed and funded in the US; outlines how the US federal government interacts with universities and private industry; remarks on the nature of international cooperation; and comments on the future direction of US science and technology policy, including growing challenges to its position of leadership. (C) 2008 Elsevier Ltd. All rights reserved.
