You can use the Multi-Camera Monitor to edit footage from multiple cameras, simulating live camera switching. You can edit footage from up to four cameras using this technique.
For a tutorial on how to synchronize and switch between multiple cameras, see www.adobe.com/go/learn_dv_tutorial_multicam_en.
For a video tutorial on multi-camera editing, see www.adobe.com/go/vid0234.
Eddie Lotter provides a collection of tutorials and articles about multi-camera editing on the Premiere Pro Wiki website.
Jon Barrie provides a video tutorial about multi-camera editing and synchronization on the Creative COW website.