the dutch didn’t suffer from dutch disease…

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at least, not according to Treasury

2 comments

  1. Fine. Lets rename it the Australian Ailment then, because manufacturing in Australia sure as hell is declining as a share of GDP.

  2. 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.

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