Let's take geographical knowledge. I live in Hong Kong. Space is very expensive. Where I live you can rent a garden on which to grow flowers or food by the square metre!! Warehousing is charged by the square metre and it is not cheap. American manufacturers think we have space like you have in the US and lay down stocking requirements that are totally unrealistic. They try to dictate sales and promos in markets of which they have zero experience and refuse to accept local knowledge. These are compartively big companies.
Disney came here and built a theme park. Did they do any research? Of course not. they used the same info that they got from the US and Europe. Big shots! So, for example, in the design of seating areas they built according to US measurements. What they did not know, but what you learn withing minutes of arriving here, is that the Chinese are obsessed with colour and always use umbrellas in the sun. Result an area designed for say 30 only seats say 15. An area set aside for a queue of 50 only holds say 30. Disney's profit depends on masses of people. Make a balls up on that scale and you lose money!
It would have cost one air ticket for a junior research assistant and a hotel for a few weeks and they would have changed their design but no. Disney, like all American businesses knows best.
American products are made to American standards. In construction, for example, accepted standards are BS or equivalent. That means that products from the US have to be tested and assessed and this costs time and money. Australian, Japanese and British products are easy to order. Americans insist on American measurements that makes it more difficult to make quick product comparisons. Hassle doesn't get the order.
That is how American manufacturing has failed globalisation and that is just one of many, many reasons why it is your economy, more than many, that is suffering so badly.
I have used generalisations, don't try to nit pick in response. I know there are good US companies but one remembers bad experiences more than good.