Industrial competitiveness in high tech and science-based businesses

How do emerging economies develop industrial and technical capabilities that overtake those of advanced economies?  Are there some industrial sectors that are especially susceptible to such targeting?  What will it take to restore America’s industrial competitiveness?  Gary Pisano and I have been looking at patterns of international performance in high tech and science-based industries.  I have focused in Asia, looking at multiple technology sectors.  I have been examining the process of capability building, and how firms there have moved from imitation to innovation, in the process capturing leadership positions in industries ranging from semiconductors and notebook computers to flat panel displays and mobile phone handsets.