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Processes accelerated by the ongoing globalization and rising productivity, improving high technologies in manufacturing and the Internet, Chinas industrialization and breakup of the Soviet Block that gave the globalization of industrial production a totally new meaning, whereas well educated labor supported by infrastructure, high-tech machinery easy to handle, low labor pays, etc made the processes of moving and outsourcing irreversible, indeed.
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As explained here and here, globalization with it transnational production sharing and cross-border investment has mitigated the impact of currency values on trade flows.
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Globalization allowed the U.S. to specialize in the creative aspect of things, the risk-taking production of concepts and ideas--that is, the scalable part of production, in which more income can be generated from the same fixed assets through innovation.
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