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For Australia it was planned deliberately by certain left leaning union leaders and politicians back in the 1960's trained by certain players in the UK (which was going hard left fast since 1950's) to undermine many industries, steel etc and the good hard working people that worked in the various industries. Many were post WW2 European migrants like the family of my best friend, who worked in the furnaces at BHP in Woolongong. Australia manufactured some of the best steel in the world. 

These traitors played the hand of the new left govt in 1972, they conned and bluffed the working people by doubling the wages, inflation exploded and that was the start of the end of our steel mills, associated industries and many other industries. Real wages went backwards. Investment in new facilities could not be justified, naturally, and eventually the local operations closed. The traitor plans worked to a T, all the direct and indirect jobs disappeared overseas to the countries of their plans. We did get a little recovery via recycling of old steel, but it was little compensation for the loss of a magnificent local industry. The left elites, economists etc were so clever to justify the changes that caused the real workers to suffer - best use and allocation of labour and resources, in other words to cheap labour countries of their plans. All our established industry, technical schools, trade knowledge, skills etc evaporated in no time, gone forever. Once gone, then we are importing what is given to us. The quality is not the same. Recently imported steel used in a roof span in a new building collapsed because of poor steel.

During the 1970's Italy trading with Russia, bought Russian steel for the Italian auto industry. The cars rotted within 12 months and less.

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