https://padlet.com/tatomarzal1/vhwcdi7du55xfqet Explanation of an economic phenomenon en-us 2020-06-19 15:43:00 UTC 2025-03-13 03:42:01 UTC hello@padlet.com https://padlet.net/icons/png/1f1f1-1f1fa.png tatomarzal1 https://padlet.com/tatomarzal1/vhwcdi7du55xfqet/wish/633725083 “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).]]> 2020-06-19 15:51:04 UTC https://padlet.com/tatomarzal1/vhwcdi7du55xfqet/wish/633725083 tatomarzal1 https://padlet.com/tatomarzal1/vhwcdi7du55xfqet/wish/633728636 A sudden economic development (mostly from non renewable resources) that results in declininment of another sector.]]> 2020-06-19 15:54:07 UTC https://padlet.com/tatomarzal1/vhwcdi7du55xfqet/wish/633728636 tatomarzal1 https://padlet.com/tatomarzal1/vhwcdi7du55xfqet/wish/633759224 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,]]> 2020-06-19 16:21:08 UTC https://padlet.com/tatomarzal1/vhwcdi7du55xfqet/wish/633759224 tatomarzal1 https://padlet.com/tatomarzal1/vhwcdi7du55xfqet/wish/633769987 To avoid a long term crisis, the country’s additional wealth needs to be spent wisely. ]]> 2020-06-19 16:31:37 UTC https://padlet.com/tatomarzal1/vhwcdi7du55xfqet/wish/633769987