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"Dutch Disease" https://en.wikipedia.org/wiki/Dutch_disease https://en.wikipedia.org/wiki/Dutch_disease is the usual term. Although arguably corruption and klep
by justincormack 6y ago
"Dutch Disease" https://en.wikipedia.org/wiki/Dutch_disease https://en.wikipedia.org/wiki/Dutch_disease is the usual term. Although arguably corruption and kleptocracy are more problematic in resource rich nations, and the Dutch did ok.
- backport 6y agoDid they? I'm under the impression that it's a small country with a distinct upper class. The right people live in Wassenaar and Bussum etc. with ludicrous property prices and have all the influence. They are good at camouflaging inequality and other things. The lower classes get enough to get by, so it isn't obvious. The rich don't brag, wear cheap suits and look like regular people. But the old-money royalty is obvious, and probably just very good at hiding corruption.
- Ozzie_osman 6y agoCan you expand on this? It's the first time I've heard the Netherlands described this way (corruption and inequality) Most lists I've seen rank the Dutch as having low levels of inequality and high standards of living.
- marcusklaas 6y agoThat looks similar, but it's not the same phenomenon that is described in the article. The Dutch disease is based around currency appreciation making industry less competitive. Google is not a nation with its own currency (yet?).