word
Dutch disease
DUTCH dih-ZEEZ
dʌtʃ dɪˈziːzListen
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Syllable breakdown
Dutchdisease
Dictionary meaning
the negative economic consequences that arise when a large inflow of foreign currency from natural resource exports causes a currency appreciation, making the country's other exports less competitive; named after the effects of North Sea natural gas revenues on Dutch manufacturing in the 1960s; a major concern in resource-rich developing countries
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