The Dutch disease: the role of industrial policy for industrial transformation – the case of the jute industry

Carlo Morelli (Lead / Corresponding author)

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    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 languageEnglish
    Pages (from-to)156-167
    Number of pages12
    JournalInternational Journal of Management Concepts and Philosophy
    Volume8
    Issue number2-3/2014
    DOIs
    Publication statusPublished - 24 Jul 2014

    Keywords

    • jute
    • Dutch disease
    • relative economic decline
    • Scotland
    • employment
    • competition
    • industrial policy

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