Quote:
Originally Posted by sabredog
Not quite true. As the dollar improves over the USD, imports cost less, so prices of physical items such as books should come down in price.
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Purchasing power parity is how much product a specific currency buys compared against another currency, not against itself.
Just because the aussie dollar buys more than it used to (great for consumers) doesn't mean it buys more that the USD or Canadian Dollar on a dollar by dollar basis. Internet or not.
Mind you, what you're describing is the protectionist's nightmare and a good thing in of itself. Hopefully we'll see more of it: open markets are good markets.
But it doesn't make one currency any better than another.
Global english ebooks are a good development for everybody; aussie publishers should be looking to sell aussie authors' books to the UK and NorthAm, not worrying about keeping ebooks out. It's not just money that is flowing, but also ideas and stories.