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| The term '''Dutch disease''' appears to have | The term '''Dutch disease''' appears to have | ||
| been coined in of |
been coined in of ]-11-26. See the external link Test of Dutch Disease Hypothesis below | ||
| ==See also== | ==See also== | ||
Revision as of 09:25, 27 April 2005
Dutch disease is an economic phenomenon in which the discovery and exploitation of natural resources deindustrializes a nation's economy. In the given scenario, the value of the country's currency rises (making manufactured goods less competitive), imports increase, exports decrease, and productivity falls. The phemomenon was first observed in the Netherlands in the 1960s, when large reserves of natural gas in the North Sea were first exploited. There is now a substantial body of research on the topic.
The term Dutch disease appears to have been coined in The Economist of 1977-11-26. See the external link Test of Dutch Disease Hypothesis below