few days ago reading the latest news of a possible "great discovery mining in Afghanistan" , I recalled the term "Dutch disease" no vaccine is a condition, not a new disease of Western Europe. Is a term used in economics to explain the negative impact on the economy of a country the discovery of new deposits, but also the consequences arising from receiving aid or external resources.
is a term used by the International Monetary Fund and World Bank as an "excuse" for not helping Third World countries (if not under their control) . Although we should not go so far, the pastor of my people also say that when we see a beggar asking for, not demos, because if it is not customary to ask for and does not work, it's best contribution to the Church, that they already responsible for set up aid centers for the homeless. I'll explain with an example, because it is important to understand good to see the relationship of concepts, and the relationship that this evil may have with our country and other European countries ...
Nigeria, 70 years, with new discoveries of oil, exporting products such as cocoa and peanuts were no longer profitable (due to higher oil revenues), and production foundered. This was because domestic products become more expensive, labor and production depreciates, ie products that can not be traded in the international market, as local services and some foods are more expensive so that makes lack divert resources to produce. is the need to pay for imports, which makes exports are valuable to society that produces . As the country now feels good, does not need to work to buy (before exports were the only currency to pay for imports) abandons its traditional source of wealth, usually in countries like Nigeria are those that absorb more quantity labor and services. We see and l "Dutch disease" can be detrimental to the economic development of a country , displacing other export activities with a potential for rapid growth.
Imagine, affect the world as the discovery of oil or other valuable minerals to countries such as China or India! whose core activities are manufacturing with lots of labor, and what would be its impact on Europe and the U.S.!
Continuing with the example of Nigeria, which is very graphic.
Nigeria continued its euphoric effect for 15 years, the government was dedicated to a catastrophic waste of its new resources, applying for loans and squandering large money thinking that this was never going to end (do you sound?). But in physics there is a theory that "what goes up must come down ", the mid-eighties, oil prices plummeted, and the party is over Nigeria from one day to another. The oil revenues fell, the banks and no credit granted. So governments started undertake drastic reforms were made "structural adjustment programs" , become competitive in an area abandoned by the euphoria, it took much effort. The ordinary people who did not understand the resources, imports, exports, only saw their standard of living cut in half. The reforms, supported by various international agencies led to a rejection of others into these bodies and their own government, not soon be removed. This is what is known as "false consciousness." Since then, supports this theory: that revenue from external resources hinder the governance of a country.
Just do not have to go to the IMF to understand what he says the pastor of my people, nor is it necessary to explain with the example of countries Club of Misery " the same thing that we can apply to European countries like Spain. The fundamental difference is that they (IMF, World Bank) who say you should not help third world countries (which and be responsible for them), encourage the same help and resources between developed countries. Perhaps because the money is and will always be in developed countries and such, they can always charge debt.
