If Food Prices Keep Surging, These Economies Will Be The Next To Crumble
Mamta Badkar | Apr. 26, 2011, 12:07 PM
Global food prices jumped 30% year-on-year in February. Food inflation has been pushed by a drop in global food reserves, brought on by severe weather conditions in Russia, China and Australia.
If prices continue to rise by 30% this year, another 193 million people will be forced into poverty, according to a new report from the Asian Development Bank.
We've compiled a list of countries that would be hit the hardest by a 30% rise in food prices and the measures they have taken to ease the burden. Some of these countries with deeper structural problems have a harder road ahead of them. more