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: Consumer electronics Category: Digital camera
Wearable camera
A camera that is worn as an earpiece, eyepiece or headpiece on a headband or helmet and can be used for professional or recreational purposes.
Contributor
Featured blossaries
marija.horvat
0
Terms
21
Blossaries
2
Followers
The strangest food from around the world
Category: Food 1 26 Terms
Sanket0510
0
Terms
22
Blossaries
25
Followers
Terms that will change the way we live; Internet of Things (IoT)
Category: Technology 2 7 Terms
Browers Terms By Category
- Lingerie(48)
- Underwear(32)
- Skirts & dresses(30)
- Coats & jackets(25)
- Trousers & shorts(22)
- Shirts(17)
Apparel(222) Terms
- Alcohol & Hydroxybenzene & Ether(29)
- Pigments(13)
- Organic acids(4)
- Intermediates(1)
Organic chemicals(47) Terms
- Authors(2488)
- Sportspeople(853)
- Politicians(816)
- Comedians(274)
- Personalities(267)
- Popes(204)
People(6223) Terms
- Journalism(537)
- Newspaper(79)
- Investigative journalism(44)
News service(660) Terms
- General furniture(461)
- Oriental rugs(322)
- Bedding(69)
- Curtains(52)
- Carpets(40)
- Chinese antique furniture(36)