Jointly developing green

Here is an perfect example of the new innovation ecosystem of the I-Cubed Economy -- from the Wall Street Journal "GM Plans High-Tech Engines With China Partner":

General Motors Co. will team up with its Chinese partner to develop powertrain technologies geared at making cars more fuel-efficient, as the global race to prepare for tougher fuel-economy requirements heats up.
. . .
GM and SAIC Motor Corp. Wednesday signed an agreement in Shanghai to jointly develop a family of several high-tech small engines and advanced automatic transmissions.

The story notes the reasons for this agreement:

To meet fuel-economy regulations that are expected to become tougher in markets around the world, "we need to continue to advance technology levels of engines and transmissions not just in China but around the world," Daniel Hancock, GM's vice president of global strategic product alliances said in a telephone interview with The Wall Street Journal Wednesday.
. . .
The joint development is "significant" because it marks the first time when GM and SAIC - partners for more than a decade already - are going to develop "base" propulsion technology, going a step further than simply integrating existing engine and gearbox technologies into automobiles.
Mr. Hancock said the new technologies are necessary for the U.S. auto maker to meet more stringent fuel-economy requirements around the world. Those anticipated requirements are "definitely going to drive us toward coming up with more efficient propulsion systems and more efficient vehicles in the future," he said.

As the OECD Innovation Strategy (see previous posting) notes, these global innovation networks are becoming the norm. And, as the OECD also notes:

The challenge for governments is to tap into and exploit these global networks to access new knowledge and markets while generating value locally.

The GM-SAIC deal sounds like a case study in meeting the challenge. And so what is the US strategy?