Dutch disease describes how resource-rich countries (discovering large oil deposits) see their currency strengthen and export-competing industries decline in competitiveness, explaining why oil-rich countries often lack diversified economies.
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Evidence Quote
“Dutch disease... oil rich countries... their trade surface goes way up... their currency strengthening... manufacturing gets more expensive... don't have a lot of else going for them. [38:24]”
Created: 8/11/2026, 7:28:17 AM
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