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Specificity of the Bipartisan Consensus on Innovation Policy in the USA

https://doi.org/10.26794/2308-944X-2025-13-1-73-83

Abstract

The purpose of this study is to assess the prospects for the development of US innovation policy at the present stage.

The methods of statistical and comparative analysis, deductive analysis, as well as analysis of historical data and the current state of the problem, are used. The paper considers the evolution of the bipartisan consensus of the Republican and Democratic parties of the United States on innovation policy issues. The current study presents an analysis of the system of state regulation of innovation policy in the United States, the specifics of the approaches of the Republican and Democratic parties to the problem of ensuring leadership in the global innovation sphere in the context of intense competition with China.

The results show that innovation policy is considered by both system-forming parties of the United States as a priority for ensuring national security and maintaining the leadership of the United States in the global economy, the international technological ecosystem, which necessitates revising approaches to its state regulation and developing key drivers for accelerating scientific and technological progress, which the state intends to focus on in matters of stimulating innovative activity in the country computing, technological competition between the United States and China.

About the Authors

P. V. Menshikov
Plekhanov Russian University of Economics; Financial University
Russian Federation

Petr V. Menshikov — Dr. Sci. (Political Science), Professor of the Institute “First Media Academy”; of the Faculty of International Economic Relations 

Moscow

 



A. M. Menshikova
Georgy Arbatov Institute for U.S. and Canada Studies, Russian Academy of Sciences (ISKRAN)
Russian Federation

Anna M. Menshikova — Cand. Sci. (Econ.), Senior Researcher

Moscow



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Review

For citations:


Menshikov P.V., Menshikova A.M. Specificity of the Bipartisan Consensus on Innovation Policy in the USA. Review of Business and Economics Studies. 2025;13(1):73-83. https://doi.org/10.26794/2308-944X-2025-13-1-73-83



ISSN 2308-944X (Print)
ISSN 2311-0279 (Online)