Many countries all over the globe have been hit hard by the collapse of the US’s financial market and none has been hit harder than the developing countries in Asia that have long been dependent on the US for business and other financial backing. From manufacturing plants, assembly and other business tasks, most are silenced indefinitely as their parent companies in the US trims down operating costs, resulting in lost jobs and lost income for local governments. Manufacturing companies that used to boom, serving the needs of the US economy are also hit hard, areas such as industrial manufacturing and ship building have projects put on hold as their financing run’s dry awaiting more cash or more investors to pour in cash and other resources that would allow them to continue. The recession has taken victims, jobs and lost earnings that should have sent children to school for a better future. This is the cycle of the global economy that works like a wheelm sometimes up and sometimes down.
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