Well, what I mean exactly is that production in the poorer nations is usually significantly more labor intensive. If the labor of rich country citizens exchanged at the same rate as those of poorer countries, a first worlder would going to a third world country would actually experience a massive decline in purchasing power.
Well, what I mean exactly is that production in the poorer nations is usually significantly more labor intensive. If the labor of rich country citizens exchanged at the same rate as those of poorer countries, a first worlder would going to a third world country would actually experience a massive decline in purchasing power.