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I simply don't understand this sentence in paragraph 1: The Dutch Disease becomes an actual disease if there is something special to the activities resource extraction crowds out, [...]. Could someone please clarify? Asav

I agree, it was rather hard to parse. I've added "that" in the apprporiate place. Hairy Dude 04:27, 27 January 2006 (UTC)

That still doesn't make any sense to me, especially since an economic phenomenon cannot become an "actual disease" unless it's a microbe. I've taken it out and shot it, but could somebody explain what it was trying to say and reword it? Jpatokal 09:38, 8 February 2006 (UTC)

Two of the paragraphs I have deleted ("In the theoretical economics literature, three channels of causation ...'" and "Second, natural resource ownership exposes ...") seem to come from [1] or [2] by Xavier-Sala-i-Martin (Columbia University) and Arvind Subramanian (International Monetary Fund). Much of the rest seems to come from [3] by Jean-Philippe Stijns (University of California at Berkeley) --Henrygb 16:20, 2 Feb 2005 (UTC)

I'm not well up enough on it to add the info myself, but doesn't the effect of silver on the Spanish imperial economy deserve a mention here?

Contents 1 Prices 2 RM merger tags 3 Article revamp 4 Venezuela

[edit] Prices

I'm no economist, but is this the cause of Norway's well-known high prices (compared to elsewhere in Europe) for everyday goods? And if not, what is?

No, it's the other way around. The chain of effects here is 1) They find oil and the economy is strengthened radically 2) The Norwegian currency gets stronger (=high prices) 3) "Dutch disease", due to the strong Norwegian currency, demand for other Norwegian exports drop since they become more expensive. So "Dutch disease" (if you believe the theory) is caused by the strong currency, not vice-versa. --BluePlatypus 08:09, 16 December 2005 (UTC)

Huh, I beg to differ: strong currency => lower price of imports. Niczar (talk) 23:54, 15 December 2007 (UTC)

[edit] RM merger tags

I'm removing the merger tags from this article. Dutch disease is NOT the same thing as the resource curse. I think the merger is the result of confusion of the terms and will only cause more confusion. Both have to do with resources creating problems, but dutch disease is usually a sudden shock to the economy caused by resource exports raising currency values. The resource curse is the paradoxical lack of growth in countries with strong natural resources. Dutch disease is one mechanism which might contribute to this lack of growth. I think this article does a good job of illustrating the differences. Dutch disease is listed as one of three explanations for the resource curse.--Bkwillwm 17:56, 10 March 2006 (UTC)

[edit] Article revamp

I'm looking at trying to expand this page, making sections for: the economic explanation for Dutch Disease, the disagreements with Dutch disease, examples of where it occurs, and policy solutions, such as sterilization of revenues (as in Norwegian example). I think that should be a rough outline on how the article should go. I'm new to all this, so this all seems a little daunting. So, any comments or help would be appreciated. --Geoff

I've deleted a few sentences that referred to uncited claims. Also, since we are trying to differentiate Dutch Disease and Resource Curse, I deleted the part of the Norwegian example that shows how they are trying to avoid the resource curse. The Petroleum Fund of Norway tries to avoid Dutch disease by sterilizing the revenues overseas. If you have any questions on anything I do, just let me know. --Geoff 01:54, 12 March 2006 (UTC)

I started making a list of Dutch Disease cases, feel free to add to it. However, since it is often difficult to determine whether DD is present, and is often the subject of disagreements, I think it would be best to have citations to show that there is good reason to have them on the list. That is also why I put "possible" on the list title, so as to lower the burden of proof required. I'll be trying to add to the list, too. I'm also going to get started, trying to write a section on the economic explanation of this. Alright. --Geoff 00:25, 13 March 2006 (UTC)

Okay, I've added a bit on the economic model of Dutch disease. It is definitely not in its final state yet. It needs a graph, and better explanations, more clearly written. I just wanted to get something up, maybe get some comments on it. Alrighty? --Geoff 05:33, 13 March 2006 (UTC)

Okay! I've started the section on remedies. Certainly not finished. More oil funds ought to be listed; I'm sure there are some Middle Eastern ones. I'm not sure if I want to talk more about these funds here, or if they would be more fitting on the resource curse article, since the scope of these funds is much broader than Dutch disease. Another topic to be addressed here is the relationship between Dutch Disease and resource curse. Dutch disease is a rather ambiguous term. Right now, we've defined it to its simplest definitation, but people often take a broader definition, bringing in other related resource curse topics. I'm not quite sure how we should address this. Enough for now. --Geoff 06:33, 14 March 2006 (UTC)

I've rewritten the intro, made it more concise, since more of the content is being discussed in each of the sections. It still needs some work, but I'm not sure of the best way to sum up Dutch disease for the first couple introduction sentences. If anyone would help with the writing of it, have at it.

This article is still very poorly written.

[edit] Venezuela

Would Venezuela be a good example of Dutch Disease? Is it a single event, or can it be long term. If it's long term, I'm thinking it would fit. If it's a single event, maybe not so much. I'm curious, thanks. 72.208.38.164 17:52, 12 May 2007 (UTC)

do you have sources for this analysis? The DD implies that there is a crash when the ressource is exhausted; AFAICT there is still plenty of oil in Venezuela, some of it (Ornioco basin) yet largely untapped as it was unprofitable until prices rose sufficiently. Niczar (talk) 20:46, 10 December 2007 (UTC)