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Economics

Deindustrialization and the Dutch Disease

Quick fact

The name 'Dutch Disease' comes from the Netherlands' experience after discovering massive natural gas fields in the 1960s, which led to a decline in its manufacturing sector.

Why this is interesting

You might think discovering a huge oil or gas field would be a miracle for any economy. But sometimes, striking it rich in resources can actually hurt the rest of the economy—especially manufacturing. Why would new wealth make a country poorer in some ways?