“how might this “ cultural colonialism” affect asia even today ?

Even after the end of colonial empires and the rise of new , modern states in Asia after WWII, old racist prejudices remain. Some circles in Europe, Australia and the US (the West) continue to believe in the superiority of Western values and models, demeaning Asian local cultures and experiences. Those notions and attitudes usually fail to understand local history and political cultures, and customs.

Explanation:

one of the negative side effects were the economic losses the events of september 11th caused. many, many people lost their jobs as a result of a downturn in the economy after the terrorist attacks.