Home > Terms > English, UK (UE) > Dutch disease
Dutch disease
Term coined in 1977 to describe the decline of Dutch manufacturing after the discovery of natural gas fields in the country in the late Fifties. Dutch disease describes the apparent relationship between the exploitation of natural resources and a rise in currency evaluation for that economic area, which in turn makes the manufacturing industry less competitive, as imported goods become cheaper than domestic goods. The theory is often criticised for being overly simplistic, as there are many factors at play in the globalised economy.
This is auto-generated content. You can help to improve it.
0
0
Improve it
Other Languages:
Member comments
Terms in the News
Featured Terms
Industry/Domain: Library & information science Category: Library
Library
organized collection of documents that have been selected and acquired for use from a predefined target population
Contributor
Featured blossaries
Browers Terms By Category
- Skin care(179)
- Cosmetic surgery(114)
- Hair style(61)
- Breast implant(58)
- Cosmetic products(5)
Beauty(417) Terms
- Cheese(628)
- Butter(185)
- Ice cream(118)
- Yoghurt(45)
- Milk(26)
- Cream products(11)
Dairy products(1013) Terms
- Medicine(68317)
- Cancer treatment(5553)
- Diseases(4078)
- Genetic disorders(1982)
- Managed care(1521)
- Optometry(1202)
Health care(89875) Terms
- ISO standards(4935)
- Six Sigma(581)
- Capability maturity model integration(216)