On 12/29/06, Peter P. wrote: > Xiaofan Chen gmail.com> writes: > > > Just did a fast query from the World Bank. Even with the > > exchange rate adjustment, China/India are both still quite poor... > > > > COUNTRY_NAME IND1_DESC > > 2000 2001 2002 2003 2004 2005 > > > > 1) China GNI per capita, Atlas method (current US$) > > 930 1000 1100 1270 1500 1740 > > > > 2) India GNI per capita, Atlas method (current US$) > > 450 460 470 530 630 720 > > > > 3) Singapore GNI per capita, Atlas method (current US$) > > 23030 21260 20820 21890 24740 27490 > > > > 4) United States GNI per capita, Atlas method (current US$) > > 34400 34800 35230 37780 41440 43740 > > The World Bank's numbers do not count. GNI per capita is meaningless if one does > not account for taxes (which are huge in many places one wouldn't expect - see > Germany and Scandinavia f.ex.). By the same standards Luxemburg has the largest > GDP in the world. This shows that it's worth working with chips ... (just > kidding - I don't know how they do it). > Let's count taxes, assume the tax rate in US is 40% and China/India 0% and Singapore 10%. You can still see the huge differences. Year 2005 GNI per capita, Atlas method (current US$), minus tax China 1740 India 720 Singapore 24741 USA 26244 And why is it not worth working with chips? For many poor people in the third-world countries, they are still struggling with basic necessities. So they will be very happy to work with chips if they can earn even US$1000 a year... -- http://www.piclist.com PIC/SX FAQ & list archive View/change your membership options at http://mailman.mit.edu/mailman/listinfo/piclist