On Sunday, February 24, 2002 at 20:40:53 (-0800) Eugene Coyle writes:
Why wouldn't the cheaper natural resource, as an input to the productive
process, lower the cost of manufactured goods and make them MORE
competitive with other nations?
Exactly my question. As I understand it, the US has
the idea as actually laughable that it could be bad to
strike oil.
I'm showing my age, aren't I?
dd
-Original Message-
From: Bill Lear [mailto:[EMAIL PROTECTED]]
Sent: 25 February 2002 12:55
To: [EMAIL PROTECTED]
Subject: [PEN-L:23185] Re: Re: Question about dutch disease
On Sunday
On Sunday, February 24, 2002 at 20:40:53 (-0800) Eugene Coyle writes:
Why wouldn't the cheaper natural resource, as an input to the
productive
process, lower the cost of manufactured goods and make them MORE
competitive with other nations?
Bill Lear writes:
Exactly my question. As I understand
They found nat. gas in the North Sea.
On Mon, Feb 25, 2002 at 06:38:59AM -0800, Devine, James wrote:
(BTW, I've never heard of Holland finding oil. Am I simply an ignorant
schmuck (don't all say yes until you hear the alternative), or is it some
other natuaral resource?)
Jim Devine
--
Who is they? You know the famous American question: what is our oil
doing under their sand.
On Sun, Feb 24, 2002 at 11:17:01PM -0800, ALI KADRI wrote:
One person said if oil is so bad why don't they leave
it in the ground
--
Michael Perelman
Economics Department
California State University
the concept of dutch disease is routine in development economics. while
the Dutch case is spepcific, the idea that sudden expansion of exports and
for that matter mono-exports can have an immiserization effect on the
local economy is plausible. More export revenue will lead to relative
rise in
I'm not an international economist (nor do I play one on TV), but I
understand that this is a version of the transfer problem. If a country
receives big net transfers from overseas, this raises the value of the
country's currency (assuming floating exchange rates), which in turn hurts
exports,
Why wouldn't the cheaper natural resource, as an input to the productive
process, lower the cost of manufactured goods and make them MORE
competitive with other nations?
Further, the cheaper natural resource, to the extent it is a consumer
commodity as well, e. g. home heating, reduces the
Supposdly, the Dutch boom caused resources to be drawn away from the
manufacturing sector, making it less competitive. Some have drawn
parallels with the influx of gold to Spain from L. America.
On Sun, Feb 24, 2002 at 08:40:53PM -0800, Eugene Coyle wrote:
Why wouldn't the cheaper natural
This begs the question: do the Gulf states exhibit a
Dutch disease syndrome?
1 they had no manufacturing sector to begin with.
2 they continued to import nearly all consumer goods
and export a single product
3 Saudi Arabia (the biggest)also has a huge debt.
I have seen some argue that the Gulf
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