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1、COVER10IdeasfortheNext10YearsILLUSTRATIONBYJAMESVICTOREFORTIME1TheNextAmericanCenturyByANDRESMARTINEZThursday,Mar.11,2010ILLUSTRATIONBYJOHNRITTERFORTIMEIn1941,priortotheU.S.'sentryintoWorldWarII,theco-founderofthismagazine,HenryLuce,pennedanessayinLI
2、FEthatexhorted"unhappy"Americans,"[distracted]withlifelessargumentsaboutisolationism,"to"createthefirstgreatAmericancentury"—thefirst,mindyou,notthelast.WearenowenteringtheseconddecadeofwhatwillbeanevenmoremarkedlyAmericancentury;infact,theAmericaniz
3、ationoftheworldwillcharacterizetheforeseeablefuturefarmorethanthepast.It'struethatBrandAmericatookahitthisdecade.Theglobalsuperpowerbotchedanelectionathomeandanoccupationoverseas.Itsvauntedfinancialmarketswereroiledbysketchyaccountingearlyinthedecade
4、,thentriggeredaglobaleconomiccrisislateron,thankstoWallStreet'sleveragedgamblethatithadconqueredriskonceandforall.AllthesemisstepsdentedtheU.S.'scredibilitybutwerealsoareminderthat,fairlyornot,theU.S.retainsanenviablylargemarginoferror.Andtimesofecon
5、omicdislocationonlyaccentuateAmerica'scompetitiveadvantage—itsnimblenessandadaptability.Withonly5%oftheworld'spopulation,theU.S.producesaquarteroftheworld'seconomicoutput.EvenastheglobaleconomiccrisisledtotheexpansionoftheG-7(orG-8,dependingonwho'sco
6、unting)intotheG-20,noneofthenewcomersofferacompellingchallengetotheAmericanway.Ifanything,theywanttomakesuretheU.S.abidesbyitsownrules.Thedollar'sstatusastheworld'sreservecurrencyhasonlybeenbolsteredastheGreekdebtcrisisunveilstheperilsofamonetaryunio
7、nthatlackspoliticalandfiscalcoherence.China,ostensiblythenextbigthing,continuesitslongmarchtowardWesternnotionsofprivateproperty,whileBeijingbetsonAmerica'sfuturebystockinguponbillionsofdollars'worthofTreasurybills.Theriseofaconsumeristmiddle-classso
8、cietyinnationslikeChina,BrazilandIndiacreatesamorestableworld,nottomentionnewmarketsforAmericanproductsandculture.AndyetdoomsayerscontinuetodecryAmerica'sdecline.Thisisn'tnew.Asfarbackas1988,whenPaulKennedy'sTheRiseandFalloftheGreatPowerswasabestsell
