| Revision as of 09:39, 28 February 2005 editThe Anome (talk | contribs)Edit filter managers, Administrators253,349 edits fmt← Previous edit | Revision as of 09:20, 27 April 2005 edit undoNsaa (talk | contribs)Autopatrolled, Extended confirmed users, Pending changes reviewers, Rollbackers29,851 editsNo edit summaryNext edit → | ||
| Line 1: | Line 1: | ||
| '''Dutch disease''' is an ] phenomenon in which the discovery and exploitation of ]s ''deindustrializes'' a nation's economy. In the given scenario, the value of the country's ] rises (making manufactured goods less competitive), imports increase, exports decrease, and productivity falls. The phemomenon was first observed in the ] in the 1960s, when large reserves of ] in the North Sea were first exploited. There is now a substantial body of research on the topic. | '''Dutch disease''' is an ] phenomenon in which the discovery and exploitation of ]s ''deindustrializes'' a nation's economy. In the given scenario, the value of the country's ] rises (making manufactured goods less competitive), imports increase, exports decrease, and productivity falls. The phemomenon was first observed in the ] in the 1960s, when large reserves of ] 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 of November 26, 1977. See the external link Test of Dutch Disease Hypothesis below | |||
| ==See also== | ==See also== | ||
Revision as of 09:20, 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 November 26, 1977. See the external link Test of Dutch Disease Hypothesis below