Natural resources are generally thought of as beneficial for economic development. Yet, many of the regions with abundant resources do not perform well economically, that is, there seems to be a resource curse. 976 more words
Tags » Dutch Disease
Is Canada’s oil sector harming the rest of the economy? According to Bank of America Merrill Lynch, the evidence points to yes.
In a new report, the bank has come out squarely in favour of the “Dutch Disease” theory — the notion that Canada’s oil and gas boom has driven up the loonie to the point it’s hurting other export-dependent parts of the economy. 488 more words
Por Antulio Rosales
A finales de julio fui a un evento público sobre el petróleo. Me gustó mucho escuchar a alguien retomar con originalidad argumentos de las ciencias sociales venezolanas, el capitalismo rentístico de Asdrúbal Baptista y la antropología del petróleo de Rodolfo Quintero. 653 more words