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by ben_w
17 days ago
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Yes, but unevenly. One of the examples in the linked Wikipedia page is Dutch disease, in which the Netherlands found a lot of resources causing growth in that sector (because it could be exported) which drove up currency demand, which made other exports from the same economy uncompetitive, which caused a decline in the manufacturing sector. We could all be Detroit after the car factories left, Merthyr Tydfil when the iron and coal stopped, etc. But like I said: I don't have any formal training in economics, so I can't argue the for and against arguments with much conviction. |
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