It has worked for a few decades now. While almost anything else is easy to reverse engineer, the trial and error used to come up with advanced semiconductors and jet turbine engines is really hard to discern by looking at end products, and the secrets are heavily locked down in Europe and the states (even Taiwan, Japan, Korea have to import materials and equipment from a very few locked down sources for their own fabs). China will eventually get there, but they are 10s of years and billions of dollars away from it. Because of the scale of the work needed, it is also unlikely to come from private industry, and with public research a lot of that money is going to be siphoned off to corruption.