(Length: 4 pages)

Executive Summary (This is a document excerpt)

Alarmed by India's and China's rapidly expanding talent pools, American CEOs and politicians are calling for the US to produce more engineers and scientists to help sustain US firms' global lead in innovation. But doing so will unleash a Cold-War-style innovation arms race that will nip global Innovation Networks — the emerging market structure for collaborative innovation in our interdependent global knowledge economy — in the bud. To win in global innovation ecosystems, US firms need a new breed of multidisciplinary engineers who can transform, broker, and finance the best ideas invented anywhere in the world.