The Shocking Truth About Developing Countries
Why Cars Or Lands Are Twice As Expensive In Some Developing Countries & How Can People Afford It: Beyond GDP.
We’re used to measuring wealth by GDP but this is a too simplistic approach. Living in both developed and developing countries I’ve observed some interesting patterns. For example, people in the US tend to owe money to the banks (and therefore be on the minus) VS people in developing countries of Asia tend to keep a lot of cash and land/real estate assets in within their families (seeming poor on the outside, while realistically being wealthy). In today’s video, you will find out why land and cars in some of the South-East Asian countries are at least double the price of buying the same car or a similar land size in the West. You’ll also find out more about the best countries for the wealthy and learn more about the concept of the disproportion of wealth.