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In modern times there's a definite case of Dutch Disease going on with the economy some sectors have been very successful and have sucked all the air out of the
by JanisL 6y ago
In modern times there's a definite case of Dutch Disease going on with the economy some sectors have been very successful and have sucked all the air out of the rest of the economy. Why this has been allowed to happen is due lot of cultural and political reasons that go back a long way, if you look closely you will see a lot of decisions that have terrible economics over the long term but are based on some political reasoning. The quick summary is that the ideas about what the economy "should be" since colonial times has been based around extraction rather than value adding.