Conversations host Harry Kreisler welcomes author Adam Segal for a discussion of his new book "Advantage." Analyzing the role of innovation in a globalized world, Segal explains why the parameters of national security must be reconsidered. States and multinational corporations must recognize the decisive role emerging markets now play in defining the cutting edge. He distinguishes the "hardware" from the "software" of innovation; he explores the dynamic relationship between the local and the global; and he enumerates the policy options for the U.S. as it adapts to the competitive challenge of China and India. (#21008)