The Really Big Mac Index

[don]

The 25 Countries Whose Governments Could Get Crushed By Food Price Inflation

http://www.businessinsider.com/gover...25-venezuela-1

Classic MSM diversion ....

[lektrode]

Re: The Really Big Mac Index

The 25 Countries Whose Governments Could Get Crushed By Food Price Inflation

http://www.businessinsider.com/gover...25-venezuela-1

Classic MSM diversion ....

clever buggahs, the MSM - eh?


The 25 Countries Whose Governments Could Get Crushed By Food Price Inflation


Algeria, near the top of the list.
Image: AP

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:

• 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.

----
#25 Venezuela







GDP per capita in
#1 Bangladesh
GDP per capita in USD: $497 Food as a percentage of total household consumption: 53.8%
Net food exports (as percentage of GDP): -3.3%
Note: Nomura's index is calculated using these three variables. The higher per capita GDP, the better the number, as consumers have more to spend. The lower percentage of income spent on food, the better. And the more food exported, the better, as it means there is excess for domestic consumption.



What happens when the riots begin?


12 places to go if the world goes to hell >



Tags: Food, Features, Disasters, Inflation | Get Alerts for these topics »


now _thats_ quite a visual.... huh?
and quite the representative collection of images showing just what the stakes are...

[touchring]

Re: The Really Big Mac Index

The bangladesh ppl are the most sheeply ppl i've ever known. They will blame the heavens for their misfortune.

#9 Hong Kong


Image: noii's on flickr

GDP per capita in USD: $30,863 Food as a percentage of total household consumption: 25.8%
Net food exports (as percentage of GDP): -4.4%

This is nuts, food in Hong Kong is imported from China and even cheaper than Singapore. Are they using 5 star hotel restaurant tabs to calculate?