What is the Dutch Disease? | Economics
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YouTubeSkoolumy
What is the Dutch Disease? | Economics
The Dutch Disease is a phenomenon that describes what happens when a country relies on the export of natural resources. Eventually, the non-resource sectors of the economy decline. This video analyses this important phenomenon. #dutchdisease #NaturalResources #DevelopmentChallenges #ResourceCurse #SustainableDevelopment
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Abhishek Mishra on Instagram: "Dutch disease is an economic phenomenon where a boom in one sector (like natural resources) causes a country’s currency to appreciate, making other export industries (like manufacturing) less competitive, leading to their decline and potentially increasing imports and unemployment. Coined by The Economist in 1977, it describes the Netherlands’ manufacturing slump after large natural gas discoveries in the 1950s, where the resource wealth boosted one area but harmed
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Abhishek Mishra on Instagram: "Dutch disease is an economic phenomenon where a boom in one sector (like natural resources) causes a country’s currency to appreciate, making other export industries (like manufacturing) less competitive, leading to their decline and potentially increasing imports and unemployment. Coined by The Economist in 1977, it describes the Netherlands’ manufacturing slump after large natural gas discoveries in the 1950s, where the resource wealth boosted one area but harmed
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