Before the fields run dry: How to avoid the 'Dutch Disease'

• Main Author: Knowledge@SMU
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2010
• Subjects: Accounting; Business; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/ksmu/38; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1037&context=ksmu
• Institution: Singapore Management University

For any economy, the discovery of abundant natural resources is almost akin to striking nature's lottery. But as any eager financial planner might say to a lottery winner, no windfall can last for long without a solid financial plan. Singapore, a country admired for its relatively substantial n...