An in-depth look at Boom-Bust Cycles, their historical context, causes, consequences, and prevention strategies. Includes key events, detailed explanations, models, and examples.
Dutch Disease refers to the economic concept where an increase in one type of export, typically natural resources, leads to an appreciating exchange rate, negatively impacting other export sectors and domestic products' competitiveness.
The Resource Curse, often synonymous with Dutch Disease, describes how countries with abundant natural resources can suffer from economic instability and underdevelopment.
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