"Over the past forty years, the United States has lost commanding leads in electronics, machine tools, automobiles, shipbuilding, nuclear power, and other critical industries - principally to Asian competition. If America wants to regain its competitiveness, Silicon Valley businessman Richard J. Elkus Jr. argues, it must understand the strategy of the competition: it must understand how the world of technology works. To stay competitive. a nation needs a strategy for retaining its essential industries. More important, its business and political leaders need to understand that there are industries that are key to the nation's future. Elkus tells us what it takes to be competitive and what America needs to do to regain what it has lost. He argues that the stakes are not only economic: a nation that loses control of its economic destiny risks losing control of its political destiny as well."--Jacket.