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Natural Resources and Economic Growth

A Nordic Perspective on the Dutch Disease

  • Author: UNU
  • Publication date: October 2000
  • Page count: 68
  • Language(s) in this book: English
  • Sales number: 00.III.A.17

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About the product

This publication offers a glance of the Nordic economies through the discussion of an economic condition known as the Dutch disease. The study argues that natural resource abundance may retard economic growth by reducing total exports and reducing investment in physical and human capital. Focusing on Iceland, Norway, and Finland, the publication explores economic growth and natural resource dependence in the region since 1970. The publication reviews the main symptoms of the Dutch disease, and considers whether these symptoms are observable in Nordic countries in view of their abundant natural resources.