International Comparisons of Real Product and Purchasing Power
To compare incomes internationally is a far more complex process than is suggested by the way figures are used in much of what we read. This second installment of a major U.N.-World Bank survey digs deeply into the real value of production and income in 165 countries during the 1970s. Valuable in itself, it is a cautionary tale for those who confuse exchange rates with purchasing power.
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