at 8:49 the big mac index...refers just to this very big mac!? so when you say someone earning 70 thai money an hr is at the same stan of living with someone making 4.45 US money...could be wrong, bcoz the baht/usd ratio should differ for Other baskets...?
@@JoseRamos-si5kq South Korea and New Zealand have higher standards of living than Brazil and Argentina which are considered underdeveloped countries. It has been like that since before the video. So the BigMac index isn’t totally true defining rich and poor countries.
So countries that implement PPP projects for hydropower or solar purposely for clean energy will also qualify as electricity is non tradeable? Thanks for sharing this very informative presentation. I think developing countries should look critically about this before implementing PPP for public services that are non tradaeable
hell no....that's only the price for a BIG MAC....think about the average price of a 2bhk 1000 sq ft apartment in HK...which will be much higher than the average price of the same in the US....but this video is pretty messed up!!!
Great video, thanks for sharing!
@11:30 Does anybody know why PPP GDP of Thailand is $585 billions? Why not baht 9.5*10^12/ (baht17.74/$) = 603 billions?
at 8:49 the big mac index...refers just to this very big mac!? so when you say someone earning 70 thai money an hr is at the same stan of living with someone making 4.45 US money...could be wrong, bcoz the baht/usd ratio should differ for Other baskets...?
The "richer" countries include Argentina and the "poorer" countries include New Zealand
The data is from 2012, is totally different nowadays.
Brazil and Argentina used populist means to overvaluate the exchange rates, clearly unsustainable.
@@JoseRamos-si5kq
South Korea and New Zealand have higher standards of living than Brazil and Argentina which are considered underdeveloped countries.
It has been like that since before the video.
So the BigMac index isn’t totally true defining rich and poor countries.
Did you write a book about Economics?? I want to buy !!!!!! You are amazing
So countries that implement PPP projects for hydropower or solar purposely for clean energy will also qualify as electricity is non tradeable? Thanks for sharing this very informative presentation. I think developing countries should look critically about this before implementing PPP for public services that are non tradaeable
Is rent a non tradable good/service?
Yes
1 USD = 1,71 BRL. Good times.
Great video
Perez Jessica Clark Amy Miller Carol
Why the fuck brazil so expensive tho?
I love intro music 🎶
Also ur statistics imply that india is rich
It's pronounced more like "bot" not "bat."
We say more like 'bart' in the UK...
desde quando Hong Kong é pobre?
Oh I didn't know that Hong Kong was a "poor" country :D
Delete this crap :D
JJ JJ and Saudi Arabia 😂😂
he said " TEND TO BE "
hell no....that's only the price for a BIG MAC....think about the average price of a 2bhk 1000 sq ft apartment in HK...which will be much higher than the average price of the same in the US....but this video is pretty messed up!!!
It's based on Big Mac only. Later he said usually it is a large basked, so if you have a large basket, then Hongkong would not be poor.