The 25 Countries That Will Be Screwed By A World Food Crisis
Nov. 21, 2010
China is experiencing surging inflation and it is hitting consumers where it hurts the most: their mouths.
Food price inflation is rampant in China, and authorities are now developing policies to combat rising prices.
But what if China is just the first of many food crises?
Japanese investment bank Nomura produced a research report detailing the countries that would be crushed in a food crisis.
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:
Nominal GDP per capita in USD at market exchange rates.
The share of food in total household consumption.
Net food exports as a percentage of GDP.
We’ve got the top 25 countries in danger here and the list, including a major financial center, may surprise you.