Re: Big Mac Index
I just realized we could use the famous Big Mac Index to get a serious reduction in the cost of wind turbines. Because of the difference in purchasing power even after the exchange rate is taken used, we could get more wind turbines for the buck. The table shows that manufacturing turbines in, say, China, Thailand, Malaysia, Hong Kong, Hungary, Poland, Russia, or South Africa could net us an extra 20% cost savings. Of course keep in mind the Canadian dollar is already 20% undervalued against the American one (not sure why):
Source: The Economist