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Dutch disease

   Also found in: Financial, Wikipedia 0.01 sec.
Dutch disease
n
(Economics) the deindustrialization of an economy as a result of the discovery of a natural resource, as that which occurred in Holland with the exploitation of North Sea Oil, which raised the value of the Dutch currency, making its exports uncompetitive and causing its industry to decline
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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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