Purchasing power parity

Discussion Paper No. 0303 Purchasing Power Parity and the Impact of the East Asian Currency Crisis Louise Allsopp and Ralf Zurbruegg March 2003 University of Adelaide Adelaide 5005 Australia CENTRE FOR INTERNATIONAL ECONOMIC STUDIES The Centre was established in 1989 by the Economics Department of the Adelaide University to strengthen teaching and research in the field of international economics and closely related disciplines. Its specific objectives are: • • • • • • • to promote

1873 – 1997 ............................................................21 JAPAN: 1880 – 1997....................................................................24 THE RECENT GOLD PRICE IN RELATION TO HISTORIC LEVELS....28 2.1 2.2 THE AVERAGE PURCHASING POWER OF GOLD OVER TIME ................................................................................28 DEMAND AND SUPPLY FUNDAMENTALS ............................31 3 TOTAL RETURNS ON ASSETS ..............................................

political parties Conservative Party: Backs the EU but wants a halt to further political integration and return of key law making powers to nation states. Opposes the Lisbon Treaty and says it will hold a referendum on it if elected to power before it comes into force. Labour Party: Stresses importance of British membership of EU when it comes to big transnational issues such as climate change and security. But also pledges to ensure EU delivers for British people on jobs,

(2005). source: CIA Factbook Economic The Gross Domestic Product of South Africa is $505.3 billion at purchasing power parity (2009 est.) Source: CIA Factbook The Gross Domestic Product of South Africa is growing at an annual rate of -1.8% (2009 est.) (3.7% in 2008 and 5.5% in 2007) Source: CIA Factbook The GDP per capita of South Africa is $10,300 at purchasing power parity (2009 est.) Source: CIA Factbook The GDP of South Africa is drawn proportionately from: agriculture: 3%

world's sixth largest economy by nominal GDP and the sixth largest by purchasing power parity. It was the world's first industrialised country[19] and the world's foremost power during the 19th and early 20th centuries,[20] but the economic and social cost of two world wars and the decline of its empire in the latter half of the 20th century diminished its leading role in global affairs. The UK nevertheless remains a great power with leading economic, cultural, military, scientific and political influence

Donald's France, Denis Hennequin remarque à ce propos que le produit Mc Donald's n'est pas en réalité universel mais local puisque son prix reste toujours variable d'un pays à un autre. The Economist's Big Mac index is based on the theory of “purchasing-power parity”. Under PPP, exchange rates ought to adjust to equalise the price of a basket of goods and services across countries. Our basket is the Big Mac. Dividing the American price of a Big Mac, $2.59, by the British price, £1.99, implies a PPP exchange

as own of the BRIC countries, its economical development is espected to soar in the years to come and will allow the country to become a major player in tomorrow’s global industry. 8th largest economy by nominal GDP and 9th largest by purchasing power parity, Brazil is expected to enter the top 5 before the end of the decade. The country is nowadays one of the fastest-growing economies in the world with an average annual GDP growth rate of 5%. Two weeks ago were held presidential elections

Yuan * L’ensemble des experts, y compris les autorités chinoises s’accordent à dire que le Yuan est sous-évalué, mais de combien ? (soit de 15-25% à 60-70% selon les experts) sur la base de la théorie de la parité du pouvoir d’achat (‘purchasing power parity’) * Conséquences : * créer des conditions qui rendent encore plus attractifs les produits manufacturés chinois exportés massivement vers les pays occidentaux Augmenter d’autant la compétitivité de la main d’œuvre chinoise ce

fifteen years, particularly through the beginning of the demographic transition and reforms launched in 1991. Today India is one of the major emerging powers of China beside Russia and Brazil. She is currently the fourth largest economy in purchasing power parity, behind China. There 's many religions in India. The main religions in India are Hinduism (79.8%) and Islam (13.7%). There are also Jains (0.5%), Sikhs (2.1%), Zoroastrians (Parsis), Buddhists (0.8%), Jews and Christians (2.5%)

Unreliable official data: unemployment, disposable income, etc. • Differences in business environment and development are probably greater than the similarities in the region. Different starting points for transition. • Consumer preferences • Purchasing power parity • The importance of local knowledge and local partner • International retailers have exited some of the emerging markets, entering a new market with unsuitable format and lay out. EU Membership • Since Jan 1, 2007 • Local business was