« Ayaan Hirsi Ali, The Caged Virgin | Main | Isagani Cruz and the gay menace »

August 14, 2006




there is also the long-standing "Big Mac Index" run by the Economist. It rates economies based on the relative price of a big mac.


Thanks, Torn, for this reference.

I was inspired by the Big Mac Index when I concocted the Espresso Ratio (ER), and the name is itself a tribute to the original, but the Ratio is intended to illustrate a different point.

The Big Mac Index compares countries; the ER is intended to look inside a country and to examine how different products are made available (or denied to) people with low incomes. Thus, for instance, poor persons in the Philippines can easily afford strong alcohol or cigarettes, but are unable to purchase certain essential medicines.

The ER hopes to illustrate these differences. It also makes the point that the risks of chronic disease are not confined to the "affluent" but that there is a systematic effort to market them to the poorer segments of society.

Espress Ratio: http://tinyurl.com/h4xfv
Alcohol (GSM Round): http://tinyurl.com/k2j3n
Cigarettes (Philip Morris 100s): http://tinyurl.com/hlb6c
Essential Drug (Blood Pressure): http://tinyurl.com/gda4o

(Apologies for the long comment -- hope you're OK with this.)



that’s a pretty cool approach to showing income disparities! price ratio = relative buying power. shall we re-label our economic classes?

a. caramel machiato = upper class
b. grande latte =middle class
c. kapeng barako =lower middle class
d. tubig lang = below poverty level

You might also be interested in this: the public health and epidemiology units of Harvard and USC have done extensive studies on the health effects of poverty: (some summaries here).

Being poor really makes you sicker.


Jon Limjap

That's why I turned to brewing my own barako.


60 or 65 pesos? lol

Everybody knows Starbucks coffee is overpriced. Hey driver, welcome to the real ugly capitalist world.


The Economist a few years ago added a Starbucks latte index to the Big Mac one... can't remember which month it comes out in but it's pretty instructive to discover that Manila's lattes are very cheap on the global standard. This makes sense if you assume that the biggest input cost to a latte is real estate (we're not counting hype, here, which is of course impossible too quantify). My daily latte in Shanghai was twice the price of Manila! Hello bubble economy!!

guanacaste costa rica real estate

The methodology is everything in a survey of this kind, and account has to be taken of exchange rates (particularly with regard to countries like China, which have artificially low exchange rates), price differences between parts of the same city, and a host of other variables.

Philippines properties

I guess that was right. there are some positive points regarding this cheapest issue, but of course the negative factor was always there.


free shed plans & ideas

It's the reality of the capitalist world, almost everything is overpriced, but I'm still having fun living in one, with my Starbucks coffee or kapeng barako, it's doesn't matter.

Ayala Land

Maybe the term cheap can be referred to as something that can be afforded by the average Filipino working-class.

Based from personal experience, It's cheaper in Thailand and Vietnam compared no Manila, Philippines.

property philippines

The equivalent of a shopping basket in Europe would be a shopping cart or two in third-world countries.


The comments to this entry are closed.

Blog powered by Typepad