Analysis Back

Mapping Wild Cards

Inspired by: other IGOs » Food price "rockets to sky" which leads to famine and finally to wars on food and mass migration

version: 1 / created: 2009-09-07
id: #97 / version id: #97
mode: VIEW

Originally submitted by: Tuomo Kuosa
List of all contributors by versions (mouse over)
Last changed by: Tuomo Kuosa
WI-WE status:

submitted

unpublished

Source of inspiration

Other International inter-governmental organisations (e.g. OECD, UNESCO, APEC)

The source of the Wild Card is

Singapore's Monitor Project

Headline

(max. 9 words)

Food price "rockets to sky" which leads to famine and finally to wars on food and mass migration

Description

(approx. 150 words)

Please describe the Wild Card (approx. 150 words)

Due to three globally dry years, the demand for food temporary exceeds the supply, leading first to volatility in food prices and then to severe price shocks. Investors start to buy food resources in massive scale (grain, soy, corn) and energy (oil, coal) because these items seem to rise their value month by month. This leads to global famine, war on food and mass migration.

Keywords

famine, war on food, mass migration, agriculture, food price

Type of event

Unplanned consequence of events/trends/situations (e.g. financial crisis, accidental breakthrough)

Type of emergence

	please select	(if any) describe related trend or situation
		(if any) describe related trend or situation
An extreme extension of a trend/development/situation (e.g. Increased global warming leads to a total ban on fossil fuels)

Historical parallels

That almost happened in 2008 as both, the credit crunch, and two globally dry years in agriculture took place at the same time

Type of systems affected

Both

Classification

Undesirable

Importance

		please specify:
	please select	please specify:
Level 4: important for the whole world

Progress: 44.44% WWI-WE Version: 1
0	mandatory questions pending
26	questions total
10	questions answered
10	questions completed
16	questions pending