Let us bridge the illusionary vastness between here and there. Ignorance and enlightenment exist together in a timeless dance of creativity. Creativity is injected into all human endeavors. Human endeavors are the place from which productivity emerges. As such human productivity is supported by both ignorance and enlightenment. Perhaps one cannot exist without the other. Here and there both occupy the same space.
Purchasing Power Parity and Arbitrage are two terms that everyone should make themselves aware off as the world’s economy moves closer toward a centralized SDR trade system through the International Monetary Fund with accounts balanced by the Bank for International Settlements.
Purchasing Power Parity is the balance between exchange rates when there is also balance in the domestic purchasing power of the currencies.
Vietnam has achieved a truly remarkable thing. While being a dumping ground for U.S. dollar inflation and having its own currency consistently devalued, Vietnam has managed to produce one of the fastest economic expansions and modernizations in the history of the world. It’s a model of modernization built upon the experience and lessons of China, Korea, and other Asian countries which developed before it.