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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]
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.--
An upstart far-right party in the Netherlands threatens to entrench xenophobia in one of Europe’s most progressive countries.
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]
Norway has avoided the “oil curse” or “dutch disease” Dutch disease that many oil producing countries have experienced, in part because it began to harvest petroleum resources at a time when the government regulation was well developed and already in an economically strong position: “Norway had the advantage of entering its oil era ...
This situation is commonly referred to as the “resource curse” or “Dutch disease,” where the prosperity brought by natural resource wealth paradoxically undermines the development of a diversified economic base.
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