Who is "they"? You know the famous American question: what is our oil
doing under their sand.
On Sun, Feb 24, 2002 at 11:17:01PM -0800, ALI KADRI wrote:
> One person said "if oil is so bad why don't they leave
> it in the ground"
--
Michael Perelman
Economics Department
California State Unive
They found nat. gas in the North Sea.
On Mon, Feb 25, 2002 at 06:38:59AM -0800, Devine, James wrote:
>
> (BTW, I've never heard of Holland finding oil. Am I simply an ignorant
> schmuck (don't all say "yes" until you hear the alternative), or is it some
> other natuaral resource?)
>
> Jim Devin
On Sunday, February 24, 2002 at 20:40:53 (-0800) Eugene Coyle writes:
>Why wouldn't the cheaper natural resource, as an input to the
productive
>process, lower the cost of manufactured goods and make them MORE
>competitive with other nations?
Bill Lear writes:
Exactly my question. As I understa
Dutch disease was an absolutely massively fashionable topic when I was at
university, mainly because Nickell and Muellbauer had declared it to be
interesting. The idea is that, if you've struck natural gas or some such,
then you're very likely to be running a massive current account surplus for
t
This begs the question: do the Gulf states exhibit a
Dutch disease syndrome?
1 they had no manufacturing sector to begin with.
2 they continued to import nearly all consumer goods
and export a single product
3 Saudi Arabia (the biggest)also has a huge debt.
I have seen some argue that the Gulf is
