10-industries-in-which-the-us-is-no-longer-no-1: Personal Finance News from Yahoo! Finance

10-industries-in-which-the-us-is-no-longer-no-1: Personal Finance News from Yahoo! Finance: "Americans are used to being No.1 in nearly all the world's businesses and athletic endeavors. The foundation of that certainly began to erode in the 1970's, when much of America's manufacturing industry started to move overseas. Many U.S. companies wanted to cut costs, including high-priced manufacturing jobs. That contributed to the rise of the Japanese and, more recently, the Chinese economies."