This post is an attempt to describe the social impact of the great financial crisis as seen and felt by ordinary citizens around the world.
The most commented signs of the crisis are the Wall Street crash and the collapsed housing industry in the United States. Without belittling these unfortunate economic disasters, we should also highlight other symbols of the crisis which people around the world are witnessing and experiencing everyday.
For example, the economic downturn is forcing many South Koreans to change or abandon their travel plans. This has affected the tourism industry in Brunei which is a favorite destination of many South Koreans. Because of declining number of global tourists, Egypt’s tourism workers are complaining that their salaries are not given on time.
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