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Dutch Disease

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Dutch Disease
The phenomenon in which the manufacturing sector of a country declines when it begins to make significant profits from the exploitation of a natural resource. For example, if a country suddenly discovers oil and sells it on the international market, it may see a decline in the competitiveness of its manufacturing companies. It is thought that the Dutch disease comes from the fact that the sale of the natural resource leads to a stronger currency, which makes the country's exports more expensive and causes scaling down in manufacturing.
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The Dutch Disease, or what APS Energy Group President Pierre Shammas called "The Oil Curse" when Saddam's Iraq invaded Iran in 1980, is caught whenever a commodity brings a sudden rise in income in one sector of the economy which is not matched by increased income in the other sectors.
Venezuela - The Gas Sector by APS Review Downstream Trends
June 12, 2009 (KHARTOUM) -- Sabir Mohamed Hassan, Governor of Central Bank of Sudan said Sudanese economy has been suffering from the Dutch disease because it depends on oil revenue and neglects other non-oil exports.
Reliance on oil revenue hurts Sudanese economy - official by Sudan Tribune (Sudan)
The authors substantiate two mechanisms that mitigate the economic effects of oil price shocks, namely the stabilisation brought by the Oil Stabilisation Fund and the Dutch disease effect.
Energy issues and challenges in emerging economies by Kalyuzhnova, Yelena / Comparative Economic Studies
 
 
 
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