EconoMonitor

Great Graphic: A Critical Imbalance

This must be a Great Graphic.  Both Zero Hedge and Walter Russell Mead posted it. It is from the Food and Agriculture Organization (FAO) of the United Nations.
It shows the significant deterioration of China’s food self-sufficiency and the improved US agricultural surplus. Europe is roughly in balance after previously being an importer.
Given the intensive use of water to produce foodstuffs and fibers (roughly 1000 to 1), China’s widening agriculture deficit reflects water shortage. China is home to about 20% of the world’s population, but has less than 10% of the world’s supply of fresh water.
There are numerous implications for development, power politics and, Zero Hedge suggests, the role of the dollar. This discussion comes on the heels of the IEA’s recent estimate that the US can be the world’s largest producer of oil by 2020 and essentially energy self-sufficient by 2030.
This piece is reposted from Marc to Market with permission.

One Response to “Great Graphic: A Critical Imbalance”

Most Read | Featured | Popular

Blogger Spotlight

Richard Wood Richard Wood

Richard has published papers on wages policy, the taxation of financial arrangements and macroeconomic issues in Pacific island countries. Views expressed in these articles are his own and may not be shared by his employing agency. He is the author of How to Solve the European Economic Crisis: Challenging orthodoxy and creating new policy paradigms