May 11, 2011 Uncategorized the dutch didn’t suffer from dutch disease… Posted by Ricardo at least, not according to Treasury Share this: Email a link to a friend (Opens in new window) Email Share on Facebook (Opens in new window) Facebook Share on X (Opens in new window) X Print (Opens in new window) Print Share on LinkedIn (Opens in new window) LinkedIn Share on Reddit (Opens in new window) Reddit Like Loading... Related
Fine. Lets rename it the Australian Ailment then, because manufacturing in Australia sure as hell is declining as a share of GDP.
Manufacturing is going gangbusters in the US and Germany ATM, and they’re both rich countries IIRC. I think Australia’s rapid transformation into a rocks-only economy is unique in the developed world (with the possible exception of Canada). But hey, history tells us that all great economies were built on resource booms, and the winding down of other sectors … not.
Fine. Lets rename it the Australian Ailment then, because manufacturing in Australia sure as hell is declining as a share of GDP.
Manufacturing is going gangbusters in the US and Germany ATM, and they’re both rich countries IIRC.
I think Australia’s rapid transformation into a rocks-only economy is unique in the developed world (with the possible exception of Canada).
But hey, history tells us that all great economies were built on resource booms, and the winding down of other sectors … not.