Posts Tagged ‘The Economist’

  • McDonald's Delivers in Many Developing Nations.

    Purchasing Power

    Feb 22, 13 • 361 Views • 1 Comment

    The Big Mac Index is out again and not much has changed. Norway’s Big Macs are expensive and Chinese Big Macs are cheap. What do Big Mac prices tell us about purchasing power? Starting with an average U.S. price of $4.37, we can determine whether other...  [read more]

  • Beer and pretzels.

    Beer Economics

    Nov 8, 12 • 511 Views • No Comments

    In China, 1/2 liter of beer costs 9 minutes of work. To calculate how many minutes of work it takes to buy beer in 150 countries, Swiss bank UBS researchers divided the median wage in that country by the price of 1/2 liter from a retailer. Their results?...  [read more]

  • Big Macs and Currency Manipulators

    Oct 24, 12 • 315 Views • No Comments

    In China, a Big Mac costs close to the equivalent of $2.44. That same burger in the US is $4.20. The basic idea is PPP, purchasing power parity. The dollar can buy more when the yuan is undervalued. And President Obama and Governor Romney have both indicated...  [read more]

  • US Chicken Paw Exports to China

    Playing Chicken With China?

    Sep 19, 12 • 328 Views • No Comments

    Yesterday’s headlines about the US taking China to the World Trade Organization (WTO) for unfair auto and auto parts subsidies took me to chicken feet and The Economist’s Sinodependency Index. Knowing the major firms that depend on China for...  [read more]