Global demand for manufactured goods is not increasing much, so it was predictable that there would be a more intense fight between countries to increase market shares

The world is increasingly becoming a service economy. Global demand for manufactured goods is not increasing much, and since maintaining a large industrial base is a legitimate strategic objective of countries, it is logical that they should compet e very keen ly to attract (keep) manufacturing industry: currency war (or internal devaluations in currency areas ), trade war, and tax competition. It was predictable that the small size of the "manufacturing cake" would naturally lead to increased competition for an increased share of the cake, or in other words a series of non-cooperative policies.