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Economy

The Dutch disease and its role in the current Venezuela crisis, explained

Updated : April 24, 2019 05:08 PM IST

In economics, the term Dutch disease points towards a situation where an increase in the prominence of a particular sector within an economy leads to a decline in the prominence of other sectors.
The economic phenomenon was named after the economic change transformation that took place in the Netherlands in the 70s following the discovery of natural gas.
The Dutch disease and its role in the current Venezuela crisis, explained
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