By the standard measure of purchasing-power parity, which reflects currencies' relative buying power, all of South-East Asia's currencies are now undervalued.
Economistics suggests a purchasing-power parity of 14.57 Chinese yuan to the dollar, compared with the current 8.31 yuan.
The group also accounts for a quarter of the world's gross domestic product (GDP) in terms of purchasing power parity.
So if you think about GDP, emerging markets are on purchasing power parity 50% of global GDP today.
On the basis of purchasing-power parity (ie, relative prices) it does look undervalued.
Since the region accounted for half of world growth last year (measured on the basis of purchasing-power parity), this is disturbing.
On the OECD's calculations of purchasing-power parity (a measure that adjusts for relative prices), the franc is 42% overvalued against the euro and 44% against the dollar.
Adjusted for variations in purchasing power parity, the ascent of emerging markets is even more impressive: the International Monetary Fund forecasts that the total GDP of emerging markets could overtake that of the developed economies in 2014.
According to the OECD, on a 2005 purchasing power parity basis, the combined GDP of China and India will soon surpass that of the G-7 countries.
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In 2008 the World Bank rated it the third richest country in the world, in terms of GDP per head at purchasing-power parity.
In 1901, when Australia became an independent federation, it was, in terms of income per person at purchasing-power parity, the richest country on the planet, thanks to abundant minerals and innumerable sheep.
If GDP is instead measured at purchasing-power parity (PPP) to take account of these lower prices, Asia's share of the world economy has risen more steadily, from 18% in 1980 to 27% in 1995 and 34% in 2009.
Moreover, he also has stated in various venues that in two decades the Chinese economy could, in purchasing power parity terms, end up twice the size of the American one.
The Big Mac Index uses Purchasing Power Parity (PPP) in comparing the price of the ubiquitous Big Mac across countries relative to its price in the USA. PPP refers to the idea that exchange rates across two countries should be equal to the relative price of a basket of goods and services in both countries.
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EU's figures are in purchasing-power-parity terms, which strip out the effects of exchange-rate fluctuations.
In 2008, GCC countries should post 6% growth--a modest slowdown but much better than estimated global growth rates of 3.7%, as measured by purchasing power parity.
It is the world's biggest economic block: it accounts for more than a quarter of the world's GDP (at purchasing-power parity), compared with the Sinosphere's 15% and the Indosphere's 5.4%.
The Chinese economy is set to become as large as that of the US by around 2016 when assessed in purchasing power parity terms, which factor in price differences between countries, it added.
They find that the parts of the burger that are traded internationally converge towards purchasing-power parity quite quickly.
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Most economists reckon that the best way to compare living standards is to take GDP per person measured at purchasing-power parity (PPP), which adjusts for differences in the cost of living in each country.
This project is an important part of the National Urban League mission: to enable African Americans to secure economic self-reliance, parity, power and civil rights.
If solar and wind power are to break out of their present tiny niche positions, they will need to achieve systems parity with traditional energy supplies.
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