【正文】
describe the decline of the manufacturing sector in the Netherlands after the discovery of natural gas in the 1960s. ? Dutch disease tries to explain the apparent relationship between the exploitation of natural resources and a decline in the manufacturing sector. The theory is that an increase in revenues from natural resources will deindustrialize削弱工業(yè)化 a nation’s economy by raising the exchange rate, which makes the manufacturing sector less petitive and public services entangled卷入的 。陷入的 with business interests. 2020/9/15 8 Dutch disease (2) ? A resource boom will affect this economy in two ways: ? The resource movement effect, the resource boom will increase the demand for labor, which will cause production to shift toward the booming sector, away from the lagging sector. This shift in labor from the lagging sector to the booming sector is called directdeindustrialization. ? The spending movement effect occurs as a result of the extra revenue brought in by the resource boom. It increases the demand for labor in the nontradable, shifting labor away from the lagging sector. This shift from the lagging sector to the nontradabl