Whenever you see a big global ranking piece, odds are they are just using very very basic nominal dollar per head comparisons, with little or no attempt to correct for PPP/local pricing differences.
So essentially, it’s a flawed comparison as it is not looking at how well people can actually eat in the real world, but rather how well they might be able to eat if they all got paid in dollars and bought all their food in America.
That’s just issues on the pure paper analysis side of things, so of course other more nuanced but arguably more important factors like growing your own food isn’t even considered.
This is an especially important omission for places like China that doesn’t have city slums. Because the overwhelming majority of China’s poorest population live in rural areas and rely on agriculture for their basic income. That means their monetary actual income is effectively net of a huge chunk of their basic annual food consumption. Because if you are a farmer, you are not going to sell all your crops at wholesale prices and then buy those same crops back at retail prices from shops are you? You keep back a proportion of your crops that you are expected to consume and sell what is left. Which means you don’t really need to buy as much food with the money you earned from selling your harvest as someone who lives in a city and rely on shops for nearly 100% of all the food they will consume.
That’s just an obvious major problem with such reports, there are many many others, like benefits in kind, indirect subsidies, positive externalities from infrastructure etc.
As such, even on a best case scenario instance, such reports are at best rough estimates rather than true reflections of reality. But of course, in the real world these reports are often further tainted by the prejudices and biases of authors, or even outright manipulated to suit political, ideological and/or financial motivations and needs.
Personally, I don’t waste my time with them to be honest.
Spot on wolfie. Yes these reports should be taken with a large dash of salt.
But be that as it may, we are here to comment on good security. And they are better reports than that ones around. Also, we have, as our member here did, travelled around and seen things with our own eyes, or have relatives and friends in these countries to provide us with better, more informed information. So we should have a very good grasp of the situation.
But my point is, that even if we take the report on its face value, China, although ranked behind Brazil and Bulgaria. It's still in the safe zone. ( Which is where I expected it to be). And India is in the serious zone (which is also where I expected India to be).