Quote from: Smartvirus on Today at 01:24:53 PM

Quote from: Dunamisx on Today at 12:54:41 PM

Quote from: Israelgogo on February 15, 2025, 02:27:02 PM

Is this a global phenomenal or is only Africans going through this economic deflection and poor government system?

This is a global phenomenal and the cause is inflation, but the effect is mostly experienced on the developing countries because their economy is not yet stable as well as the value of their currency used in comparison to USD is not appreciable, then how is this going to be solved, then comes in the need for independencies, in terms of production, man power in the economy, political and other aspects, once the cordination is there, the leadership is balanced, then the people will be left with no choice than to follow the dictates of the government, other developed countries also are facing same problem, but isn't obvious because their economy is stable and controlled to an extent.

I kind of understand why you would say that. It always seems like the developing nations feels the most impact from the inflations due to the fact that, there isn’t a lot of jobs out there to directly tackle the inflation that have continued to ravage the economy. That’s the big difference between developed countries and the under developed or developing countries. The means to earn and working policies.

If the government could ensure proper working policy formulation and inspection, coupled with providing jobs and favorable conditions for businesses to strive, the impact wouldn’t be felt at the magnitude it’s been felt today.

There are a lot of things that can be out together to ensure that inflation does not keep increasing over a long period of time. It is bad government and policies in place that do cause inflation to increase drastically. Some government officials are only on the seat to embezzle public funds which is one of the reasons why we keep seeing mismanagement of funds. It is certain that when the right government hit the seat, things can become less severe as we speak. Just like we have seen Donald Trump trying his best to make sure that his government has a lot of packages to help the price of things to go down reducing the rate of inflation in the country.