^
+ Follow DUTCH DISEASE Tag
DUTCH DISEASE
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 557726
                    [Title] => OFW dollar windfall inflicts 'Dutch Disease' on economy
                    [Summary] => 

Awash with dollars from $18 billion in overseas Filipino workers’ (OFW) remittances a year, the Philippine economy is now afflicted with the Dutch Disease, a malady that sees the decline of local industries, fuels an overvalued peso, makes exports costly and imports cheap and results in jobless growth.

[DatePublished] => 2010-03-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 37896 [Title] => Peso unstoppable, now at 40.56 [Summary] =>

The peso was unstoppable yesterday as it tested the 40.50 to a dollar level on the back of steady inflows from overseas Filipinos and fund managers looking for bargain issues at the stock market.

[DatePublished] => 2008-01-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 34050 [Title] => BOP slips into $67-M deficit in November [Summary] =>

The country’s balance of payments (BOP) plummeted into a $67-million deficit in November, bringing the year-to-date position to a slightly lower surplus of $7.782 billion.

[DatePublished] => 2007-12-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 28673 [Title] => PNOC-EDC must be privatized now [Summary] => [DatePublished] => 2007-11-21 00:00:00 [ColumnID] => 133182 [Focus] => 0 [AuthorID] => 1804837 [AuthorName] => Boo Chanco [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 28706 [Title] => Strong forex inflows start to cause stress on RP economy [Summary] => [DatePublished] => 2007-11-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Boo Chanco | November 21, 2007 - 12:00am
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