Dutch disease
n.— «The Gregory effect (also known as Dutch disease) refers to a situation where an export boom fuelled by, say, a strong demand for resources causes an appreciation in the exchange rate. This appreciation makes imports cheaper, and the knock-on effect is to hurt the competitiveness of other sectors.» —“Why exporters hate paying top dollar” by Tim Harcourt The Age (Sydney, Australia) May 24, 2005. (source: Double-Tongued Dictionary)
Further reading
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