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Dutch disease
Sign in to saveapparent causal relationship between the increase in the economic development of a specific sector and a decline in other sectors
~12 min read
Encyclopedic overview
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 Netherlands after the discovery of the large Groningen gas field in 1959.
Excerpted from Wikipedia’s “Dutch disease” article, available under the CC BY-SA 4.0 licence.