Parag Khanna is the author of "The Future is Asian." He is also the managing partner of FutureMap, which provides data-driven scenario planning and strategic advisory for clients worldwide. The opinions in this article belong to the author.

(CNN) Asia is sexy. From K-Pop sensation BTS topping the Billboard charts to "Crazy Rich Asians" owning the summer box office, Americans can't get enough of Asian film, music, and of course, ramen noodles.

It's all a sign of the Asianization of the world -- and it's not just Asia coming West. Americans are flocking across the Pacific in record numbers as well to study, travel, work and even settle down permanently. The past two generations witnessed millions of Asian-Americans adopting the American way of life. Now we are witnessing a new generation of "American-Asians" going the other way. Why?

Read my lips: Lower taxes

Asia has the world's lowest taxes. Despite having some of the world's largest economies such as China, Japan, and India, tax revenues are just one-fifth of GDP compared to one-half in Europe

Legendary investor Jim Rogers, Facebook co-founder Eduardo Saverin, and dozens of others have decamped to Asia's squeaky-clean hub of Singapore to invest their millions in high-growth Asian companies rather than being saddled with America's ballooning debt.

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