This text explores the evolution of complex industrial systems over time by examining technological and market developments in the computer, telecommunications and semiconductor industries. An integrated theoretical framework is developed by Professor Duysters to study the relationship between technological change, changing industry structures, and innovation strategies by several categories of company. This is followed by an indepth empirical analysis of technological convergence, strategic technology partnering and globalization - three major factors in the development of information technology over the past decade. This work is an attempt to quantitatively measure the technological convergence process in information technology. Providing new insights on the internationalization of research and development, this analysis of recent and historical developments in the information technology industry provides new insights which should be welcomed by scholars and practitioners interested in international business, techonological change and innovation management.