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dc.titleThe Dutch Disease Phenomenon and Lessons for Guyana: Trinidad and Tobago's Experience
dc.contributor.authorWenner, Mark D.
dc.contributor.authorBollers, Elton
dc.contributor.authorHosein, Roger
dc.contributor.orgunitCountry Department Caribbean Group
dc.coverageGuyana
dc.coverageTrinidad and Tobago
dc.coverageThe Caribbean
dc.date.available2018-07-17T00:00:00
dc.date.issue2018-07-06T00:00:00
dc.description.abstractThe relationship between natural resource endowments and economic growth and development has attracted much attention. Specifically, the Dutch disease phenomenon, which has crippled several economies, has been studied extensively. It is urgent to prevent the Guyanese economy from gravitating toward the negative tendencies associated with the disease. This paper reviews Trinidad and Tobago’s experience in managing and coping with the Dutch disease phenomenon and outlines lessons that Guyana can learn from its experience. Additionally, the paper presents Dutch disease theory and sovereign wealth fund theory and practice, stressing how the likely shocks to the Guyanese economy can be prevented or mitigated, using Trinidad’s experience as the benchmark.
dc.format.extent73
dc.identifier.doihttp://dx.doi.org/10.18235/0001203
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/The-Dutch-Disease-Phenomenon-and-Lessons-for-Guyana-Trinidad-and-Tobago-Experience.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectNatural Resource
dc.subjectLocal Economic Development
dc.subjectPetroleum
dc.subject.jelcodeF43 - Economic Growth of Open Economies
dc.subject.jelcodeO10 - Economic Development: General
dc.subject.jelcodeQ30 - Nonrenewable Resources and Conservation: General
dc.subject.keywordsNatural Resources, Economic Growth, Dutch Disease, Economic Development
dc.typeTechnical Notes
idb.identifier.pubnumberTechnical Notes
idb.operationGY-P1127
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