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This paper explores the characteristics of Science and Technology policy for today's advanced industrial societies. It counterposes two distinct models, the traditional and the emergent, for the production of new knowledge (science innovation) and examines the policy implications of each. Five dimensions are drawn out from this analysis and are then applied to a case study based on recent policy reforms in the New Zealand science sector. The analysis shows that New Zealand's science policy is evolving towards a consistent and coherent expression of the emergent model for innovation.
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