Monday, April 07, 2008
WB Expects Social Unrest in 33 Countries due to Higher Food and Energy Prices
"The World Bank Group estimates that 33 countries around the world face potential social unrest because of the acute hike in food and energy prices. For these countries, where food comprises from half to three quarters of consumption, there is no margin for survival." -- Robert B. Zoellick, President of The World Bank Group, "A Challenge of Economic Statecraft," Center for Global Development, Washington D.C., 2 April 2008.