Dutch Disease
Recently a research paper titled “40 years of Dutch Disease literature: lessons for developing countries”, was published by Edouard Mien and Michael Goujon.
About Dutch Disease
- Dutch Disease in economics refers to a phenomenon wherein a country witnesses uneven growth across sectors due to the discovery of natural resources, especially large oil reserves.
- According to the concept, when a country discovers natural resources and starts exporting them to the rest of the world, it causes the exchange rate of the currency to appreciate significantly and this, in turn, discourages the exports from other sectors while encouraging the import of cheaper alternatives.
- Dutch ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Current Affairs
- 1 MFN Clause
- 2 PM Gati-Shakti National Master Plan
- 3 Direct Benefit Transfer (DBT)
- 4 Rural Non-Farm Economy
- 5 GDP Base Year Revision
- 6 Tourism Sector in India
- 7 Primary Agricultural Credit Societies (PACS)
- 8 Human Development Report 2023-24
- 9 State of the World’s Forests 2024 Report
- 10 Uttar Poorva Transformative Industrialization Scheme, 2024