Start Searching the Answers
The Internet has many places to ask questions about anything imaginable and find past answers on almost everything.
One of the reasons why companies prefer the Philippines over India is due to its treasure trove of highly-educated manpower. In fact, according to the United Nations Development Programme, the Filipino workforce has an impressive literacy rate of 93.4%, whereas the Indians only achieved a rate of 61%.
Temperature > Highest temperature ever recorded > Location: Town/Location….Definitions.
|Highest temperature ever recorded||50.6 00b0C (123 00b0F)||42.2 00b0C (107.96 00b0F)|
Whether or not Vietnam, as a country, is actually richer than the Philippines is hard to tell at the moment, with how close their economies are right now. However; this isn’t at all important for this question.
The Philippines is even higher than developed countries like Malaysia (94.6%) and Kuwait (96.2%). India is lower than Bangladesh in terms of literacy rate with 72.8%. GDP per capita Nominal – Philippines had a nominal gdp per capita of $3,541 while India had only $2,134. – Philippines had a PPP per capita of $9,862 while India had only $7,783.
In conclusion, then, when considering whether it is better to be rich in a poor country or poor in a rich one, the best chance of enjoying a superior standard of living is to reside in a richer nation no matter where a person falls on the income distribution scale. The coronavirus pandemic proved it most strikingly.
If we simply consider a nation’s gross domestic product—the sum of all goods and services produced by a country during one year—then we would have to conclude that the richest nations are exactly the ones with the largest GDP: United States, China, Japan, Germany.