Choosing a Place to Travel based on Cost 


Outline

  1. Overvalued and undervalued currencies
  2. Ten common countries in the cheapest countries listings
  3. Least expensive destination in the Eastern Hemisphere
  4. Least expensive destination in the Western Hemisphere
  5. Safety Factor
  6. What do you think of the Leffel quote

Overvalued and undervalued currencies

The most expensive Big Mac is currently in Switzerland and it is price at $6.54 per Big Mac in US Dollars. That seems a bit outrageous when you compare that to the cheapest Big Mac in the world that can be bought in Egypt for $1.75 US Dollars. That is almost a $5.00 difference in something as common as a Big Mac. Based on this index, the cheapest countries for travel would be in Southeast Asia and northern South America. The most expensive places for travel would be Western Europe and the United States.

Ten common countries in the cheapest countries listings

Based off of what I read, I concluded that there are 10 places that are commonly mentioned when it comes to the cheapest countries to travel to. India, Vietnam, Ukraine, South Korea, and South Korea were all very common places that came up in the eastern hemisphere. These places all have very cheap housing accommodations and airports that are accessible for cheap flights. When it comes to the western hemisphere, most of the countries that I commonly saw were in South America. The western hemisphere countries that I saw the most were: Brazil, Argentina, Costa Rica, Chile, and Belize. All of these countries also have very cheap living arrangements that do not have to be hostels. 

Least expensive destination in the Eastern Hemisphere

The least expensive destination that I found in the Eastern Hemisphere was Vietnam. The criteria that I used was a country that was not overly dangerous, had very cheap housing, and had a flight that was doable around the time of year that I wanted to go. Without a doubt, Vietnam had the cheapest housing and I ended up finding a place for $7 a night. I estimate that the daily food costs would be less than $10 a day.

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Least expensive destination in the Western Hemisphere

I used the same criteria when looking for a destination in the Western Hemisphere as I used when I was looking in the Eastern Hemisphere. That criterion is; a country that is not overly dangerous, had very cheap housing, and had a flight that was doable around the time of year that I wanted to go. The country that I found to be the cheapest was Brazil, specifically Sao Paulo. The flight was a decent amount but I ended up finding a room in a hotel for $9 a night and that was the deciding factor. The hotel also has my own bathroom for two people so that was a big deciding factor, too.

 

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The safest country is definitely Iceland. They had the highest score on the Global Peace Index and it really was not all that close. The United States could definitely learn a thing or two from Iceland because we are ranked number 121 out of 163. In my opinion, that is pretty pathetic with how developed of a country that we are. My countries are ranked 60 (Vietnam) and 106 (Brazil). Those both beat the United States so I guess I should feel safe traveling to these places. Hopefully they like Americans.

What do you think of the Leffel quote:

I disagree with his quote for a few reasons that I will state, but I understand where he is coming from. First of all, people do not only go to college to learn history, politics, social studies, geography, religion, foreign languages, and economics. Those are all very nice classes that students often take as general education courses, but it is not what they are going to school for. I respect his comment, but as an accounting and finance major, I have learned exponentially more in my Advanced Taxation for Pass-Through Entities and financial accounting for Not-For-Profit Entities classes than I ever will traveling Europe meeting people and looking at buildings. I do, however understand where he is coming from with this quote. I understand that you will learn far more experiencing religion than reading about it in a book, but economics is a topic that you need to read about.


Submitted by Kirby LeBlanc on 2/21/19.