Abstract
It has been long observed that having a sizeable extraction sector can have a very negative impact on a country’s economic growth. For example, following the discovery of Groningen, a vast natural gas field in Holland, the industrial sector of the country substantially declined. This ‘Dutch disease’ or ‘resource curse’ can weigh on the performance of all the non-resource sectors of the economy.
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Imsirovic, A. (2024). Petrostates. In: International Oil Markets in the Age of Climate Change. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-60990-9_9
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DOI: https://doi.org/10.1007/978-3-031-60990-9_9
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