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The Dutch disease and its neutralization : (Record no. 25802)

000 -LEADER
fixed length control field 02145naa a2200193uu 4500
001 - CONTROL NUMBER
control field 8030415260110
003 - CONTROL NUMBER IDENTIFIER
control field OSt
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20210820190408.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 080304s2008 bl ||||gr |0|| 0 por d
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha Dewey Subclass [OBSOLETE] PHL2MARC21 1.1
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title por
100 1# - MAIN ENTRY--PERSONAL NAME
9 (RLIN) 1455
Personal name Bresser-Pereira, Luiz Carlos
245 10 - TITLE STATEMENT
Title The Dutch disease and its neutralization :
Remainder of title a ricardian approach
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. São Paulo :
Name of publisher, distributor, etc. Editora 34,
Date of publication, distribution, etc. jan./mar. 2008
520 3# - SUMMARY, ETC.
Summary, etc. The Dutch disease is a major market failure originated in the existence of cheap and abundant natural or human resources that keep overvalued the currency of a country for an undetermined period of time, thus turning non profitable the production of tradable goods using technology in the state-of-the-art. It is an obstacle to growth on the demand side, because it limits investment opportunities. The severity of the Dutch disease varies according to the extent of the Ricardian rents involved, i.e., according to the difference between two exchange rate equilibriums: the ‘current’ or market rate and the ‘industrial’ rate – the one that make viable efficient tradable industries. Its main symptoms, besides overvalued currency, are low rates of growth of the manufacturing industry, artificially high real wages, and unemployment. Its neutralization requires managing the exchange rate. The principal instrument for that is a sales or export tax on the commodities that give origin to the Dutch disease. In order to neutralize it policymakers face major political obstacles since it involves taxing exports and reducing wages. Finally, this papers argues that there is an extended concept of Dutch disease: besides having its origin in natural resources, it may arise from cheap labor provided that the ‘wage spread’ in the developing country is considerably larger than in the developed one – a condition that is usually present
590 ## - LOCAL NOTE (RLIN)
Local note v. 28, n. 1(109)
773 08 - HOST ITEM ENTRY
Title Revista de Economia Política = Brazilian Journal of Political Economy
Related parts 28, 1, p. 47-71
Place, publisher, and date of publication São Paulo : Editora 34, jan./mar. 2008
International Standard Serial Number ISSN 01013157
Record control number
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Periódico
998 ## - LOCAL CONTROL INFORMATION (RLIN)
-- 20080304
Operator's initials, OID (RLIN) 1526^b
Cataloger's initials, CIN (RLIN) Tiago
998 ## - LOCAL CONTROL INFORMATION (RLIN)
-- 20140220
Operator's initials, OID (RLIN) 0959^b
Cataloger's initials, CIN (RLIN) karina

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