Fareed Zakaria's Post American World

One of the better books I have read recently, this book from the famous Newsweek columnist makes a case for the gradual shift in American power to emerging nations (rather boringly described as "the rise of the rest") . In the light of the financial meltdown, the shift seems even more pronounced and there is some coverage of the sub prime crisis in the book. 

The author points out American strengths (technology/innovation, higher education, immigration) and what it should do to maintain a position of strength in an environment where other powers are gaining strength even as America stagnates.

There is also a fair amount of coverage of the rapid rise of China and the gradual and chaotic rise of India, which is quite interesting and astute. 

Highly recommended.

Some reviews of the book can be found here , here, and here.