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.