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: Toys Category: Classic toys
Lego
Lego, whose trademark is in fact LEGO, is a popular brand of construction toys manufactured by The Lego Group; a private company based in Denmark. ...
Contributor
Featured blossaries
farooq92
0
Terms
47
Blossaries
3
Followers
Most successful child star
Category: Entertainment 1 5 Terms
Browers Terms By Category
- Hats & caps(21)
- Scarves(8)
- Gloves & mittens(8)
- Hair accessories(6)
Fashion accessories(43) Terms
- Social media(480)
- Internet(195)
- Search engines(29)
- Online games(22)
- Ecommerce(21)
- SEO(8)
Online services(770) Terms
- Railroad(457)
- Train parts(12)
- Trains(2)
Railways(471) Terms
- Wedding gowns(129)
- Wedding cake(34)
- Grooms(34)
- Wedding florals(25)
- Royal wedding(21)
- Honeymoons(5)
Weddings(254) Terms
- Electricity(962)
- Gas(53)
- Sewage(2)