Search results
Results From The WOW.Com Content Network
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]
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.--
Resource justice (also referred to as "resource equity" or "resource governance") is a term in environmentalism and in environmental ethics.It combines elements of distributive justice and environmental justice and is based on the observation that many countries rich in natural resources such as minerals and other raw materials nevertheless experience high levels of poverty (resource curse).
Warner Max Corden AC (13 August 1927 – 21 October 2023) [1] was an Australian economist. He was mostly known for his work on the theory of trade protection, including the development of the Dutch disease model of international trade. [2]
Tulip mania (Dutch: tulpenmanie) was a period during the Dutch Golden Age when contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels. The major acceleration started in 1634 and then dramatically collapsed in February 1637.
Dutch children eating soup during the famine of 1944–1945 Two Dutch women transporting food during the famine period. The Dutch famine of 1944–1945, also known as the Hunger Winter (from Dutch Hongerwinter), was a famine that took place in the German-occupied Netherlands, especially in the densely populated western provinces north of the great rivers, during the relatively harsh winter of ...