Jan 23, 2011
Food inflation is now a reality for much of the world. It contributed to the overthrow of the Tunisian government, has led to riots across the Middle East and North Africa, driven up costs in China and India, and may only be getting started.
Whether you blame a bad crop or bad monetary policy, food inflation is here.
Nomura produced a research report detailing the countries that would be crushed in a food crisis. One, Tunisia, has already seen its government overthrown.
Their description of a food crisis is a prolonged price spike. They calculate the states that have the most to lose by a formula including:
We’ve got the top 25 countries in danger here and the list, including a major financial center, may surprise you.
This article was posted: Sunday, January 23, 2011 at 6:35 am