Botswana may have experienced this phenomenon in the 1980s, when a boom in diamond production was accompanied by lower agricultural productivity.
Botswana may have experienced this phenomenon in the 1980s, when a boom in diamond production was accompanied by lower agricultural productivity. Some evidence that it's occurring in Canada comes from a June 2012 OECD report showing a one-third drop in manufacturing's share of employment over eleven years, "clearly correlated with exchange-rate developments." Originally named by the Economist newspaper for a result of the exploitation of the Slochteren gas field, for 10 points, what is this effect that occurs when natural resource exports raise the value of a nation's currency, making other industries less competitive?
Botswana may have experienced this phenomenon in the 1980s, when a boom in diamond production was accompanied by lower agricultural productivity.
Dutch disease