Misplaced Priorites
The lack of domestic purchasing power of citizens has been a set back for economically backward countries of the world. Monetary expansion in these countries has resulted in the inflation of prices of goods and services to the detriment of the people. Indeed, in a number of countries, the great majority who are poor are manipulated to focus on smart phones and related products as urgent priorities even as they wallow in abject poverty. Sadly, these products are not locally produced, but imported from economically viable countries. Of worry, is the fact that the real income of the workforce is side by side to the subsistence level-with little or no hope for a raise. The unimpressive income of the workforce has ensured that productivity remains at the lowest ebb, while redundancy, inefficiency and mdeciority take the center stage. Curiously, the prevailing hunger and poverty in a given geographical location not only inhibits the inducement to invest but also discourages economic progre...