Do Developed and Developing Countries Compete Head to Head in High-tech?
---- Acknowledgements -----
This paper is based on research undertaken for a book Rising Tide: Is Growth in Emerging Markets Good for the United States? to be published by the Peterson Institute for International Economics. We thank the Sloan Foundation, the Center for Economic Development at Harvard, Economic Research Southern Africa, (ERSA) and the National Research Foundation of South Africa for financial support. We are indebted for research assistance to Pandey Bibek and Sounman Hong. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.