The Economist explains

What Dutch disease is, and why it's bad

The term was coined by The Economist in 1977, but what does it mean?

By C.W. | KIEV

THIS YEAR the Russian rouble has lost 25% of its value. That sounds awful and indeed could cause Russia problems. Some economists, though, reckon that a weaker rouble could be good for Russia because of its recent "Dutch-disease" problems. But what exactly is Dutch disease?

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