In China's Shadow

This op/ed piece by Reed Hunt -- In China's Shadow: US must change to compete -- published in the Denver Post, is an interesting viewpoint on globalization. Here's a preview:

China is now to the United States what the United States was to Europe in the 19th century: the world's biggest new market in terms of consumption and production and the place where standards of living are rising most quickly. China is the birthplace of firms with a chance to take leadership in every sector of the global economy.

So, is America up to the challenge?