Abstract
Often referred to as the ‘Dutch disease’ economies with resource
advantages or specific specialisations can be highly resistant to change and as a
result enter a period of absolute decline. These economies, or industries, very
specialisation then becomes a barrier to further development when technologies
and the world economy evolve. This paper critically examines the impact of
this ‘Dutch disease’ in relation to a case study of the jute textile industry and its
relationship to the Scottish city of Dundee. The paper however demonstrates
that this sclerotic behaviour cannot be fully understood without also
considering the dynamic elements that were also evident in the jute firms as the
industry diversified out of jute and into artificial fibres.
Copyright © 2014 Inderscience Enterprises Ltd
| Original language | English |
|---|---|
| Pages (from-to) | 156-167 |
| Number of pages | 12 |
| Journal | International Journal of Management Concepts and Philosophy |
| Volume | 8 |
| Issue number | 2-3/2014 |
| DOIs | |
| Publication status | Published - 24 Jul 2014 |
Keywords
- jute
- Dutch disease
- relative economic decline
- Scotland
- employment
- competition
- industrial policy
