It is politically fashionable to predict the demise of America as a global power and I imagine it will happen some day but here are some of the reasons it may not be as soon as many wish or predict:
Contrary to popular myths the U.S. actually trains more engineers per capita than either India or China.
India graduates 35-50 PhDs in computer science each year; the U.S. graduates a thousand.
Government funding of nanotechnology in the U.S. is double that of the second highest developer- Japan. Nanotechnology is a quantum growth change agent.
7 to 8 of the ten top universities in the world are in the U.S. 42-68% of the top 50 universities in the world are in the U.S.
The U.S. invests 2.6% of its GDP in higher education, compared to 1.2% in Europe and 1.1 % in Japan.
Examples from Fareed Zakaria’s “The Post-American Decade”