The Dutch disease:the role of industrial policy for industrial transformation – the case of the jute industry

Often referred to as the ‘Dutch disease’ economies with resource advantages or specific specialisations can be highly resistant to change and as a result enter a period of absolute decline. These economies, or industries, very specialisation then becomes a barrier to further development when technologies and the world economy evolve. This paper critically examines the impact of this ‘Dutch disease’ in relation to a case study of the jute textile industry and its relationship to the Scottish city of Dundee. The paper however demonstrates that this sclerotic behaviour cannot be fully understood... Mehr ...