
How the World's Richest Country Lost 90% of its GDP
Economics Explained
00:00
How to Avoid Dutch Disease in the Middle East
During colonial days, the Nehruzian people only received a small fraction of the wealth generated by the phosphate mining. Having to import all goods, including food and water, is not a sustainable way of living. One strategy to avoid Dutch disease is diversification of the economy. This approach could be seen amongst Middle Eastern nations which try to diversify their economies actively.
Transcript
Play full episode