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Dutch disease - Definition and Overview |
| Related Words: Affliction, Ailment, Bane, Blight, Bug, Bugbear, Burden, Calamity, Cancer, Complaint, Condition, Contagion, Contaminate, Curse, Death, Destruction, Disability, Disorder, Evil, Grievance, Harm, Ill |
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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 were first exploited. There is now a substantial body of research on the topic.
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Example Usage of disease |
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upbeatmag: In 1999, the U.S. Centers for disease Control and Prevention put together a list of the top ten greatest... |
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iAmCedezBabyy: blah i should throw my brother in the tiger cage thingy at the zoo for giving me his boredom disease! i'm bored silly! |
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DrKen1stPitch: PANDAS: a model for human autoimmune disease - http://bit.ly/7prqgC via @AddToAny Dr Susan Swedo |
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