What does Dutch Disease mean?
The negative impact on an economy of anything that gives rise to a sharp inflow of foreign currency, such as the discovery of large oil reserves.
The country suffered from Dutch disease after a massive oil discovery strengthened its currency but harmed its manufacturing sector.
Dutch Disease in German, French, Spanish and Italian
GermanHolländische Krankheit
Wirtschaftsphänomen: Rohstofffunde schaden anderen Industriezweigen durch Aufwertung.
FrenchMaladie hollandaise
also Syndrome hollandais
Déclin du secteur manufacturier provoqué par l'exploitation de ressources naturelles.
SpanishEnfermedad holandesa
Efecto negativo que sufren otros sectores económicos por el auge de los recursos naturales.
ItalianMalattia olandese
Fenomeno economico in cui lo sviluppo di un settore danneggia gli altri a causa dell'apprezzamento valutario.
Synonyms and opposites for Dutch Disease
- Synonym Resource curse effect