authors argue that the margin of the U.S. technology lead has been narrowing since the 1960s, caused in part by the rise of … technology. They show how changes in technical competitiveness have created new sources of economic conflict between nations …Technology now spreads quickly, reducing the time it used to take for competitors to catch up. The authors explain that …

in industries where technological and organizational innovation is important. Indeed a large literature has grown up on … ways they evolve over time. Another domain concerns the nature of competition in such industries, wherein innovation and … briefly flag some fundamental aspects of economic growth and development as an innovation-driven evolutionary process. …