Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Haegin who wrote (85)	12/23/1997 11:11:00 PM
From: Richard Tsang	Respond to of 9980

Thomas, the following data from Asiaweek (current issue Dec 26-Jan 2) is interesting and may help put things in perspective, relative to purchasing power among the developed and developing countries in US$ GDP per capita adjusted by purchasing power parity (PPP): Ranking Country 1997 est 1996 est 1 US 28,515 26,825 2 Switzerland 26,315 25,070 3 Singapore 24,610 23,565 4 Hong Kong 24,085 23,892 5 Japan 23,440 22,200 15 Taiwan 15,370 14,295 17 South Korea 12,390 11,750 18 Malaysia 9,835 9.470 19 Thailand 8,165 7,535 27 Indonesia 4,140 3,750 30 China 3,240 2,935 31 Phillipines 3,020 2,935 38 India 1,500 1,420 41 Vietnam 1,430 1,310 Note: ranking from 6-14 are France, Canada, Germany, Italy, Britain, Australia, Brunei, New Zealand, Macau. Purchaing power parity, based on world bank ratios, takes into account price differences between countires for a more accurate measure of national wealth. There is no mention in the exchage rates and IMO, the recent devaluation of the most Asian currencies have not been accounted for in the calculations, or a constant exchange rate was used for the two years listed. Happy shopping to all! RT