Let's hope so...

This edit from Design Talkboard seems to align with what I read everywhere.

"Every sign from the business community today signals a growing realization of the importance of design - both communication and product design - to American industry’s global competitive advantage. Design innovation is seen as the driving engine - across all business sectors - for creating value in a world economy where production costs and prices are being driven ever lower."

The trick is making it actually happen... :)

I think the problem with the above statement is however that one cannot assume that communication and product design from America will be the most relevant to many people elsewhere...One needs to be careful about making this assumption.Providing people have other options, they may well explore the potential of Chinese design as the most obvious example.