Why do Western currencies have such greater purchasing power in so many developing countries?

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please, looking nuanced , detailed answers only. answer question must use political economy , address history of colonialism led bifurcation of "developed" , "developing" worlds have today.

not looking simple explanation. graduate student in social sciences know simple answers. have yet answer explains why is.

why can stay in hotel in india $5 night cost me $50-100 night if in us.
yet, doesn't work everything. iced latte @ indian coffee chain barrista costs $2, compared $4 @ starbucks in us. product, difference 2 times, rather 10-20 times hotel.

other things, too, differ wildly.

pay hour of work unskilled labor in india mere pennies.

tourist i've been able take advantage of inequality in exchange.
doesn't seem fair.

please, looking nuanced , detailed answers only. answer question must use political economy , address history of colonialism led bifurcation of "developed" , "developing" worlds have today. not looking simple explanation. a...


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