One of the key players in the downfall had been The United States of America, but the country had always been one to dictate how it is that the international market, or the economy will "be".Just as recession ended up coming around and the downturn started to hit the United States, there had been quiet various global market variables of which had all been affected within every other country's economy.
To small countries, as well as to those that are competing, the recession can prove to have some benefits, easily.
Link: news U.S. Economic Downfall: Global Recession At Hand