Publication:
Sudden Influxes of Resource Wealth to the Economy: Avoiding 'Dutch Disease'

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dc.contributor.authorMendez Ramos, Fabian
dc.date.accessioned2020-04-17T15:52:01Z
dc.date.available2020-04-17T15:52:01Z
dc.date.issued2020-04
dc.description.abstractDutch Disease is a condition in which a sudden increase of resource wealth from an extractive sector (such as oil, gas, coal, or mining) undermines other areas of the economy (such as agriculture, manufacturing, or tradeable services), shrinking them while spurring an appreciation in the real exchange rate. Although this may have some positive effects in the short run, Dutch Disease episodes can potentially lead to sectoral concentration and lower economic growth in the long run. This policy brief takes a systematic look at this macroeconomic phenomenon, collects evidence for 83 countries from 1998 to 2017, and summarizes policies that aim to prevent or mitigate Dutch Disease and some of its effects. A long-term perspective to prevent excessive dependence on natural resources and promote broad-based growth should include improvements in institutional governance of natural resource wealth, development of the financial sector to provide risk management products, and diversification of the economy through selective taxes and provision of public goods.en
dc.identifierhttp://documents.worldbank.org/curated/en/518791586875176017/Sudden-Influxes-of-Resource-Wealth-to-the-Economy-Avoiding-Dutch-Disease
dc.identifier.doi10.1596/33614
dc.identifier.urihttps://hdl.handle.net/10986/33614
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesResearch and Policy Briefs,no. 31;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectDUTCH DISEASE
dc.subjectEXCHANGE RATE
dc.subjectCOMMODITY PRICES
dc.subjectNATURAL RESOURCE WEALTH
dc.subjectDEBT
dc.titleSudden Influxes of Resource Wealth to the Economyen
dc.title.subtitleAvoiding 'Dutch Disease'en
dc.typeBriefen
dc.typeFichefr
dc.typeResumenes
dspace.entity.typePublication
okr.crossref.titleSudden Influxes of Resource Wealth to the Economy: Avoiding 'Dutch Disease'
okr.date.disclosure2020-04-15
okr.doctypePublications & Research
okr.doctypePublications & Research::Brief
okr.docurlhttp://documents.worldbank.org/curated/en/518791586875176017/Sudden-Influxes-of-Resource-Wealth-to-the-Economy-Avoiding-Dutch-Disease
okr.guid518791586875176017
okr.identifier.doi10.1596/33614
okr.identifier.doihttps://doi.org/10.1596/33614
okr.identifier.externaldocumentum090224b0878111c4_1_0
okr.identifier.internaldocumentum31951913
okr.identifier.report147609
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/518791586875176017/pdf/Sudden-Influxes-of-Resource-Wealth-to-the-Economy-Avoiding-Dutch-Disease.pdfen
okr.topicEnergy::Energy and Natural Resources
okr.topicMacroeconomics and Economic Growth::Commodities
okr.topicMacroeconomics and Economic Growth::Economic Development
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.unitDECRG: Finance & Priv Sec Devt (DECFP)
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