• Economist Test Prep
    Free Trial & Practice Exam
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    Economist Test Prep
  • EMPOWERgmat Slider
    1 Hour Free
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    EMPOWERgmat Slider
  • PrepScholar GMAT
    5 Day FREE Trial
    Study Smarter, Not Harder

    Available with Beat the GMAT members only code

    MORE DETAILS
    PrepScholar GMAT
  • Magoosh
    Magoosh
    Study with Magoosh GMAT prep

    Available with Beat the GMAT members only code

    MORE DETAILS
    Magoosh
  • e-gmat Exclusive Offer
    Get 300+ Practice Questions
    25 Video lessons and 6 Webinars for FREE

    Available with Beat the GMAT members only code

    MORE DETAILS
    e-gmat Exclusive Offer
  • Varsity Tutors
    Award-winning private GMAT tutoring
    Register now and save up to $200

    Available with Beat the GMAT members only code

    MORE DETAILS
    Varsity Tutors
  • Target Test Prep
    5-Day Free Trial
    5-day free, full-access trial TTP Quant

    Available with Beat the GMAT members only code

    MORE DETAILS
    Target Test Prep
  • Kaplan Test Prep
    Free Practice Test & Review
    How would you score if you took the GMAT

    Available with Beat the GMAT members only code

    MORE DETAILS
    Kaplan Test Prep
  • Veritas Prep
    Free Veritas GMAT Class
    Experience Lesson 1 Live Free

    Available with Beat the GMAT members only code

    MORE DETAILS
    Veritas Prep

Wages Continued

This topic has 1 member reply
medea66 Master | Next Rank: 500 Posts Default Avatar
Joined
26 Jan 2008
Posted:
186 messages
Upvotes:
2

Wages Continued

Post Thu Aug 14, 2008 8:11 pm
This is from the same passage as original Wages post......
Attachments

This post contains an attachment. You must be logged in to download/view this file. Please login or register as a user.

  • +1 Upvote Post
  • Quote
  • Flag
Vignesh.4384 Master | Next Rank: 500 Posts Default Avatar
Joined
28 Jun 2008
Posted:
443 messages
Upvotes:
5
Post Thu Aug 14, 2008 9:32 pm
medea66,

Passage says :
if productivity in a country increases the wages wil increase.
From the last few lines we understand that evewn if wages dont increase productivity increase in developing countires wil cause the appreciation of its currency.
Some countries hav deliberately kept the value of the currency low but that is hard to do anymore cos of internationalization(movement of capital or goods through out the world) .In other words Internationalization is revelaing info to other counties ...

The question ask what if this internationalization dint happen ..
From the above explanation we see that if internationalization dint happen

Counties would not be as transparent as they are.
They can control the appreciation or depreciation of money cos they are not restricted by trade with other counties.

Finally country's productivity can increase even without any increase in value of currency ..

Hope u understand

  • +1 Upvote Post
  • Quote
  • Flag

Best Conversation Starters

1 Roland2rule 181 topics
2 lheiannie07 110 topics
3 ardz24 56 topics
4 LUANDATO 55 topics
5 swerve 51 topics
See More Top Beat The GMAT Members...

Most Active Experts

1 image description Brent@GMATPrepNow

GMAT Prep Now Teacher

158 posts
2 image description GMATGuruNY

The Princeton Review Teacher

124 posts
3 image description Scott@TargetTestPrep

Target Test Prep

123 posts
4 image description Rich.C@EMPOWERgma...

EMPOWERgmat

111 posts
5 image description EconomistGMATTutor

The Economist GMAT Tutor

81 posts
See More Top Beat The GMAT Experts