This article suggests a massive consequence on this nation's Western psyche.
Icelanders like Jon Ogmundsson have endured many hardships in the last year, including soaring inflation, rising unemployment and a banking crisis so serious the country nearly declared bankruptcy.
Now Iceland's battered economy is claiming one more victim – McDonald's.
That's right: A developing nation will soon be without a Mickey-Dees. Even Dambisa Moyo might push for aid intervention to avoid such a travesty.
Regardless of the inane nature of such news, I do think that the accompanying graphic depicting countries purchasing power of Big Mac's, McChicken et al is interesting for a number of reasons.
Final questions:
How many African nations sport the golden arches?
How long until Liberia gets infiltrated?
(Props Liz for the article)
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1 comment:
Okay, I'm pretty sure that as recently as 2-3 years ago, there weren't any McDonald's south of the Sahara. But I've heard there's one in Kampala now. Not sure about the validity of that claim. In most of the eastern and southern portion of the continent, the fast food industry is dominated by South African chains (Steers and its related companies). I would bet there will be McDonald's outlets in South Africa before the World Cup opens next year.
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