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To avoid a long term crisis, the country’s additional wealth needs to be spent wisely.

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In the 1960´s the Netherlands found large natural gas deposits in the North Sea, their Gas exports increased but their manufacturing weakened and the unemployment rate grew. Hence the name,

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A sudden economic development (mostly from non renewable resources) that results in declininment of another sector.

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“The gratification of wealth is not found in mere possession or in
lavish expenditure, but in its wise application”. Miguel de Cervantes Saavedra (16th century, while Spain was having a large income of American gold and silver).