Why are global commodities so much cheaper in poorer countries?
https://ask.metafilter.com/367917/Why-are-global-commodities-so-much-cheaper-in-poorer-countries
For example: In San Francisco, USA, a gallon of gas is $5.50 and a seared tuna entree at an upscale restaurant is $35. In Medellin, Colombia, the respective prices are $2.00 and $7. Gas and tuna not local goods, there's a global market for them. Why are they cheaper in poorer countries?
costs metafilter value | permalink | 2022-11-02 11:10:53