From TheBestLinks.com
Balassa-Samuelson effect is observation that price levels in wealthier countries are systematically higher than in poorer ones. This is caused by a deviance in the standard of living between any two countries. What may be regarded as middle class in the United States could very well be regarded as upper class by a citizen of a third world country.
A book, The Muller-Fokker Effect appears to derive its title from the Balassa-Samuelson effect, although not its topic (which is about a man who has his memories recorded onto computer tape and who is rebuilt from them).
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