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<blockquote data-quote="links" data-source="post: 2688842" data-attributes="member: 3078"><p>the reason for comparison is not to self comfort ourself. Most of the time we use our own experiences to judge the things around us. sometimes we need comparison to know where are we, what are we and what we want to be. </p><p></p><p>you can said its meanless to compare with 3rd world country. but if you dont know how different are we from 3rd world country then we might not even know when we are falling back to 3rd world country living in another hand, if you dont know how good is the best then how you want to improve? comparison did serve as an alert and guildline for decision making and most importantly, provide direction for people who need it.</p><p></p><p>The reason that the Economist use big mac to compare the income and purchase power is the availability of big mac is common in most of the countries in the world, so that it has some common platform to measure the difference, also, they did adjusted the selling price of the big mac to justify the currencies differences.</p><p></p><p>you can choose to spend or save to suit your own life style but its always better to know how much does your dollar worth, whether is inflate or deflate and so you can adjust your saving/investment plan for your retirement.</p><p></p><p>ofcourse, those index may not be appropriate all time as analyst cant look into too details individual situation but it did provide good picture of the world we are living in.</p><p></p><p></p><p>sincerely, i met quite a few fellow msians in overseas. Our fellow mate seems to get behind the global vision. Many are always live in the wonder of their own world and like to use the msia standard to judge other countries. We are into a global competition era and it will be necessary to learn to judge things with more widen vision.</p></blockquote><p></p>
[QUOTE="links, post: 2688842, member: 3078"] the reason for comparison is not to self comfort ourself. Most of the time we use our own experiences to judge the things around us. sometimes we need comparison to know where are we, what are we and what we want to be. you can said its meanless to compare with 3rd world country. but if you dont know how different are we from 3rd world country then we might not even know when we are falling back to 3rd world country living in another hand, if you dont know how good is the best then how you want to improve? comparison did serve as an alert and guildline for decision making and most importantly, provide direction for people who need it. The reason that the Economist use big mac to compare the income and purchase power is the availability of big mac is common in most of the countries in the world, so that it has some common platform to measure the difference, also, they did adjusted the selling price of the big mac to justify the currencies differences. you can choose to spend or save to suit your own life style but its always better to know how much does your dollar worth, whether is inflate or deflate and so you can adjust your saving/investment plan for your retirement. ofcourse, those index may not be appropriate all time as analyst cant look into too details individual situation but it did provide good picture of the world we are living in. sincerely, i met quite a few fellow msians in overseas. Our fellow mate seems to get behind the global vision. Many are always live in the wonder of their own world and like to use the msia standard to judge other countries. We are into a global competition era and it will be necessary to learn to judge things with more widen vision. [/QUOTE]
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