Quote:
Originally Posted by opendoor
I'd argue the developing world and lower-middle income countries will suffer even more. Even if they don't source things like fuel and wheat from Russia/Ukraine directly, rising commodity/food prices are going to put a pretty severe strain on poorer nations.
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Yes, you bring up a very good point. Prices everywhere will be going up as a result of the increased competition for what's left. In many developing countries, where people can often spend half their income on food, it has the potentially to get very ugly as people get desperate. Rising food/energy costs is partly what leads to unrest like the Arab Spring, or with Kazakhstan not that long ago. I would expect more of the same.