vince fitzgerald

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The Dutch Disease and Structural Adjustment – Day 4 of ACE 2012

The focus of my final post will be the first session of the ACE Business Symposium, titled ‘Structural Adjustment: The Dutch Disease and Public Policy in Australia’.

The session opened with a methodical and articulate speech from Professor Max Corden of the University of Melbourne, summarising his findings in a recent paper for the Melbourne Institute[1]. He defined the term ‘Dutch Disease’ as the real appreciation in the home currency, which has both positive and negative effects, depending on the industry.

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