It also has to do with increased global competition. In the wake of World War II, much of Europe and Asia was destroyed and in turmoil and had a lot of rebuildi

It also has to do with increased global competition. In the wake of World War II, much of Europe and Asia was destroyed and in turmoil and had a lot of rebuilding to do. By the 1970s and 80s many countries had caught up and started seriously competing with the US in things like automobile manufacturing.