by wickedwillie on February 18th, 2004

wickedwillie

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In economic terms, what is a Dutch disease?

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  • by wickedwillie on February 20th, 2004

    wickedwillie

    Dutch disease is the adverse effect on a country's other industries that occurs when one industry substantially expands its exports, causing a real appreciation of the country's currency. It is named after the effects of natural gas discoveries in the Netherlands, and most commonly applied to effects of exports in natural resource extractive industries on manufacturing.

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