As a frequent traveler, I echo Fareed Zakaria’s feelings on the rise of the rest.
The problem with Americans is that we don’t travel enough so we don’t see the world. We should bring back the draft and/or have young Americans serve in the Peace Corps for a year.
Look at Israel, almost all Israeli service-members take 6-months off to travel the world when they are done with military service. They are very interesting and creative people to talk to. For such a small country, Israeli companies are extremely creative and dynamic.
America’s trump card is that we can easily welcome new immigrants and integrate them into out society. That will be the challenge of the 21st century.
All the great emerging cities in the world are free-trade zones (Dubai, Singapore, HK, Shanghai). San Diego and Miami are the perfect locations for such free-trade zones and to keep Latin America firmly under the US sphere of influence.