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5 Comments Received

There’s actually a fair amount of arbitrage that occurs in college textbooks due to the pricing shift. College students in the US can buy Indian market versions of US textbooks, and except for “International Edition” on the cover, the books are the same… that and the price, which is usually 90% cheaper.

Warren Whitlock
January 20th, 2008 @5:08 am  

In the flat world today, all the barriers will fall.

Americans gripe that there are jobs moving overseas.. but the flip side is a burgeoning middle class in Asia.

I’d much rather see people in India make 40x than try to get by on 1/40th of what we have here in the US.

One way or the other.. it has to even out over time. The trend is inevitable

Kidblogger :: Carl Ocab
January 20th, 2008 @8:53 am  

A Toyota car is expensive for an ordinary employee who makes minimum wage each month.

A Toyota car is cheap for a company president who makes 20 times more than an ordinary employee.

It all depends on how you look at things.

If you think hundreds is wealthy enough for you, then there’s a big possibility that you can’t even think of a million dollar goal.

Money.Power.Wisdom
January 20th, 2008 @10:54 am  

@Kidblogger: If hundreds make me wealthy, is there a REASON why I should think of a ‘million dollar goal’?

Dr.Mani

Adebola
January 25th, 2008 @6:48 pm  

Dr. mani,

I really feel what you are saying.

I run my online businesses from Nigeria and I always wonder when people have to pay tens of thousands of Naira for stuffs that cost less than $50.

For the high-priced products, it is a no-go area because you will need to fork out close to hundred thousand to get any of them.

I got a check in the hundreds from Google and when I converted it, it was a little close to a hundred over here. I was amazed at the gap.

Keep up sensitizing the Internet Marketing world man.

Love you.

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