Beyond the Bike
Is the discovery of Oil likely to be a blessing or a curse?
We finished our European cycle in Amsterdam, capital of the Netherlands, a city with a rich economic history built around strong trade links over the centuries. One concept famously associated with Europe’s 5th largest economy is the dreaded ‘Dutch Disease’, coined by the Economist newspaper in 1977 to describe the negative impact of the discovery, in 1959, of natural gas reserves on the rest of the economy. I flew from Amsterdam to Uganda and started the African leg of the Economic Cycle in Kampala with a visit to Makerere University. Here I met with two budding economists to discuss whether Dutch disease was a threat to Uganda as well as other challenges for African policy makers….