The race for global innovation advantage -- Explaining U.S. economic decline -- Learning from the wrong masters: lessons from UK industrial decline -- Why do so many refuse to see U.S. structural economic decline? -- What are innovation and innovation policy and why are they important? -- Crafting innovation policy to win the race -- Cheating as a way to win the race: innovation mercantilism as the strategy of choice -- Winning the race for innovation advantage with the eight "I's" of innovation policy -- The only thing we have to fear is fear itself: why don't we have more innovation and more innovation policy? -- Can nations overcome the barriers to innovation? -- Creating a robust global innovation system.