Dutch disease
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 term was coined in 1977 by The Economist to describe the decline of the manufacturing sector in the Netherlands after the discovery of the large Groningen gas field in 1959.
Dutch disease - Wikipedia Jump to content From Wikipedia, the free encyclopedia Theory in economics This article is about the economic phenomenon. For the disease affecting elm trees, see Dutch elm disease . The Groningen gas field in 1963 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 term was coined in 1977 by The Economist to describe the decline of the manufacturing sector in the Netherla
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