WebDutch disease is a shorthand way of describing the paradox which occurs when good news, such as the discovery of large oil reserves, harms a country's broader economy. It may begin with a large... WebApr 28, 2009 · The traditional explanation for the resource curse is the Dutch Disease or “deindustrialization”. That is, revenue from natural resources hurts traditional manufacturing through an increase in the exchange rate; also, resources such as labor and capital need to be moved from manufacturing to natural resource production.
Dutch disease - Wikipedia
WebDec 23, 2024 · Nigeria, over the years, has been showing a rapid appreciation of the domestic currency, a rise in real wages and the service sector and a slow-down in the industrial production which are all signs of presence of Dutch disease which predicts that a country with large natural resource rents may experience a de-industrialization and a … WebDutch disease n the deindustrialization of an economy as a result of the discovery of a natural resource, as that which occurred in Holland with the exploitation of North Sea Oil, … grant thornton bureaux
Dutch Disease - an overview ScienceDirect Topics
WebNov 23, 2024 · The term “Dutch disease” was first used by the Journal The Economist ( 1977) to explain the industrial decline observed in the Netherlands after gas reserves discoveries in the North Sea during the 1960s, then in the UK, and Australia and afterwards in many other countries. WebDutch disease. noun. the deindustrialization of an economy as a result of the discovery of a natural resource, as that which occurred in Holland with the exploitation of North Sea Oil, … WebThe Dutch disease, also known as a case of “resource curse” or “paradox of plenty”, is a term that generally refers to the negative consequences of large increases in a country’s income. The Dutch disease is ... industries and may mean the exogenous technological advance (Corden, 1984). FDI may lead in these countries to the ... chip one handed