The manufacturing or western declined is overuses expression, look at the EU. Germany, Swiss, Czech, Slovak record low unemployment, all manufacturing is booming. Here in Florida the space/aeronautical industries are booming, only Space X what 20 rocket launches this year.
You cannot mistaken bad management with bad decision making and lack of development as western decline. I was always wondering how Hobbico or any large company can stay in business, they fix cost must be astronomical, they respond time very very slow.