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Strategies & Market Trends : Asia Forum

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To: RealMuLan who wrote (466)	1/5/1998 1:29:00 PM
From: HB	Read Replies (1) of 9980

Nice link, thanks. Note that the figures are for GNP, not GDP (difference is explained at the bottom of the chart.) Also, the picture looks rather different if you look at the GDP adjusted for purchasing power parity (PPP), also given in the chartts in your link. (I don't know exactly how the PPP works, but presumbly the extremely high cost of living in Japan (at world exchange rates, which you'll have noticed if you've talked to anyone who's been to Japan... although that would seem to be changing..) is reflected in the much lower (~$23K) PPP adjusted figure for Japan, though these figures are also GDP rather than GNP... PPP adjusted figures adjust for the fact that exchange rates are affected primarily by relative prices of traded goods in different countries, whereas the prices of nontraded goods are also important if one is interested in how "well off" different countries are. Howard

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