In: Economics
Name the 4 commonly used R & D terms according to the National Science Foundation.and define each of them
The first merit review criterion is 'intellectual merit', the second is that of the 'broader societal impact' of the proposed research; the latter has been met with opposition from the scientific and policy communities since its inception in 1997.In June 2010, the National Science Board (NSB), the governing body for NSF and science advisers to both the legislative and executive branches, convened a 'Task Force on Merit Review' to determine "how well the current Merit Review criteria used by the NSF to evaluate all proposals were serving the agency.The task force reinforced its support for both criteria as appropriate for the goals and aims of the agency, and published a revised version of the merit review criteria in its 2012 report, to clarify and improve the function of the criteria. However, both criteria already had been mandated for all NSF merit review procedures in the 2010 re-authorization of the America COMPETES Act. The Act also includes an emphasis on promoting potentially transformative research, a phrase which has been included in the most recent incarnation of the 'merit review' criteria.