Notable Linkage: Dutch disease is dead, long live Dutch disease! | rabble.ca

Excerpt:

In the hyper-polarized context of Canadian energy policy debates, even suggesting that there might be a downside to the untrammeled energy boom centred in northern Alberta is enough to get you labelled a traitor or an economic illiterate — or both. But what do the actual facts indicate? Bitumen boosters like to pretend there is a "consensus" among hard researchers that the Dutch disease hypothesis is false. In fact, the overwhelming weight of empirical evidence confirms that surging oil prices and exports have indeed contributed to the rise of the Canadian dollar, which in turn has indeed contributed to the decline of Canadian manufacturing.

Dutch disease is dead, long live Dutch disease! | rabble.ca

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