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What is Resource Curses and Economic Policies about?

This article examines the hypotheses of "Dutch disease" and the "resource curse" which claim that large foreign exchange inflows often harm an economy. The authors argue these are flawed as they assume foreign exchange is an inherent cause of problems, rather than something requiring proper policy responses. They reject the disease/curse frameworks and instead see negative impacts as outcomes of failing to implement effective macroeconomic policies, especially under neoliberal policies of floating exchange

Author

Daniel Martínez

Language

EN