Why Prices Differ Around the World • Discoverology

Why Prices Differ Around the World

If you have ever traveled somewhere, especially to countries that are either a good deal richer or poorer than your own, you might have noticed that some places are certainly a lot more expensive than others. There seems to be a strong correlation between the average wealth of a country and the cost of goods and services.

Related topics
Related posts
Americans Are Going Bankrupt From Getting Sick

Americans Are Going Bankrupt From Getting Sick

Economics Health

Medical debt is a uniquely American phenomenon, a burden that would be unfathomable in many other developed countries. According to a survey in the American Journal of Public Health, nearly 60 percent of people who have filed for bankruptcy said a medical expense contributed to their bankruptcy.

How We’ll Forget John Lennon

How We’ll Forget John Lennon

Explainers History Media Psychology

The report, “The universal decay of collective memory and attention,” concludes that people and things are kept alive through “oral communication” from about five to 30 years. They then pass into written and online records, where they experience a slower, longer decline.

How Drought-Struck Spain Is Becoming a “Desert”

How Drought-Struck Spain Is Becoming a “Desert”

Nature Videos World

Spain is running out of water. It suffered a long ‘mega drought’, lack of rainfall and record temperatures. Now their water reservoirs are depleting. Over-exploitation and climate change are causing it to turn into a desert. 75% of their land is under the process of desertification. Can Spain come out of this?

How To Persuade People To Change Their Behavior

How To Persuade People To Change Their Behavior

Explainers Life

Our innate anti-persuasion radar raises our defenses, so we avoid or ignore the message or, even worse, counter-argue. Rather than trying to persuade people, getting them to persuade themselves is often more effective. Here are three ways to do that.

Chasing Colombia’s ‘Cocaine Hippos’

Chasing Colombia’s ‘Cocaine Hippos’

Nature World

After the Colombian National Police killed Escobar in 1993, zoos and private collectors acquired the animals, all except the hippopotamuses. They are only hippos in the wild outside Africa. Escobar started with four hippos. Today, a UC San Diego biologist estimates there are 80 to 100.

How Artificial Intelligence Could Revolutionize Coffee

How Artificial Intelligence Could Revolutionize Coffee

Food Innovation Videos

The coffee supply chain is rife with uncertainty, unfairness, and even corruption. Bext360 wants to change that. This video looks at how they’re using machine vision, artificial intelligence, and blockchain payments to bring the largest un-automated system in the world into the digital age.

Why Caviar Is So Expensive

Why Caviar Is So Expensive

Explainers Food Videos

Caviar is one of the most expensive foods in the world. Selling for up to $35,000 per kilo, it’s revered and relished by aristocrats across the globe. But it’s an acquired taste. Turns out, caviar wasn’t always so valuable.

The World’s Oldest Winery in Armenia

The World’s Oldest Winery in Armenia

Food History Long Reads World

The Areni-1 complex, uncovered in 2007, contains a 6,100-year-old winery replete with fermenting vats, a grape press, and subterranean clay storage vessels. Altogether, it’s the best-preserved archeological site in the ongoing search for winemaking’s birthplace.

How The 0.001% Invest

How The 0.001% Invest

Business Economics

Global finance is being transformed as billionaires get richer and cut out the middlemen by creating their own “family offices”, personal investment firms that roam global markets looking for opportunities.

The Remote ‘Democratic’ Oasis Of Soviet Russia

The Remote ‘Democratic’ Oasis Of Soviet Russia

History Politics Videos World

The academic town of Akademgorodok in Siberia was created by Russian mathematician Mikhaïl Alekseïevitch Lavrentiev, who wanted to install a safe haven for scientists in the middle of Siberia. Such isolation from Moscow created a fertile scientific and cultural nest away from the influence of the State and its politics.

The Economics Of Cruise Ships

The Economics Of Cruise Ships

Business Economics Explainers

For decades, cruise companies have gone to great lengths to bypass US employment laws, hiring foreign workers for less than $2/hour. They’ve sheltered themselves as foreign entities while simultaneously benefitting from US taxpayer-funded agencies and resources.

My Journey To Scotland’s Most Remote Pub

My Journey To Scotland’s Most Remote Pub

World

For decades, the Old Forge was the holy grail of the British outdoors community. The UK’s remotest pub, it could only be reached via boat or a three-day walk through one of Britain’s last true wildernesses, the Knoydart peninsula in Scotland.

Human Population Through Time

Human Population Through Time

Explainers Videos World

It took 200,000 years for our human population to reach 1 billion—and only 200 years to reach 7 billion. But growth has begun slowing, as women have fewer babies on average. When will our global population peak? And how can we minimize our impact on Earth’s resources, even as we approach 11 billion?

“Framed”, An Award-Winning Noir Tale In Stop-Motion

“Framed”, An Award-Winning Noir Tale In Stop-Motion

Videos

Who on Earth is handed a worse fate than toys and figurines? They are made to be controlled, with zero chance of gaining basic rights. Without a chance to speak unless a string is pulled or a button pushed, who will carry their voice for them? “Framed” tells the story of a clay pawn in a human’s game.

Why Every Japanese Criminal Is Guilty

Why Every Japanese Criminal Is Guilty

Crime Videos

Every system of justice is inevitably found to be unjust. The question is in which direction, and how far. This is a fairly basic outline of Japan’s idiosyncratic nature.

We use cookies on this website to analyse your use of our products and services, provide content from third parties and assist with our marketing efforts. Learn more about our use of cookies and available controls: cookie policy. Please be aware that your experience may be disrupted until you accept cookies.