foreigners are the cause of all problems .... exodus of industry to other countries

Business leaders had been divided on the climate-change measure, with leading venture capitalists from Silicon Valley openly stumping for passage, saying the measure will create new industries and new jobs. The state's Chamber of Commerce led the opposition, saying that the measure would prompt an exodus of industry to other states without emission controls, while California would be hamstrung in trying to attract out-of-state businesses.

http://www.truthout.org/issues_06/083106EA.shtml

newspeak

A bit wordy but I think this is what is meant. I'm not sure whether this refers to European firms setting up in "cheaper" countries or whether it means national companies in those countries are taking over the industries.