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In economics, Dutch disease is the apparent causal relationship between the increase in the economic development of a specific sector (for example natural resources) and a decline in other sectors (like the manufacturing sector or agriculture).
The resource curse, also known as the paradox of plenty or the poverty paradox, is the hypothesis that countries with an abundance of natural resources (such as fossil fuels and certain minerals) have lower economic growth, lower rates of democracy, or poorer development outcomes than countries with fewer natural resources. [1]
According to the Dutch disease theory, the sudden discovery of oil may cause a decline in the manufacturing sector. The consequences will vary from country to country, depending on the country's economic structure and stage of development. [1]
They introduce the theory of Reversal of Fortune, which explains how previously poor countries, like the U.S., Australia, and Canada, have become wealthy, despite limited natural resources. They also reject the theory of the ”resource curse," emphasizing the importance of institutions in shaping a country's use of its natural resources ...
The resource curse is the paradoxical lack of growth in countries with strong natural resources. Dutch disease is one mechanism which might contribute to this lack of growth. I think this article does a good job of illustrating the differences. Dutch disease is listed as one of three explanations for the resource curse.--
At critical points in American history the public health movement focused on different priorities. When epidemics or pandemics took place the movement focused on minimizing the disaster, as well as sponsoring long-term statistical and scientific research into finding ways to cure or prevent such dangerous diseases as smallpox, malaria, cholera.
Dutch disease – Theory in economics, the apparent causal relationship between the increase in the economic development of a specific sector (for example natural resources) and a decline in other sectors (like the manufacturing sector or agriculture). Externality – In economics, an imposed cost or benefit
The Balassa–Samuelson effect, also known as Harrod–Balassa–Samuelson effect (Kravis and Lipsey 1983), the Ricardo–Viner–Harrod–Balassa–Samuelson–Penn–Bhagwati effect (Samuelson 1994, p. 201), or productivity biased purchasing power parity (PPP) (Officer 1976) is the tendency for consumer prices to be systematically higher in more developed countries than in less developed ...