06 | May | 2013 | wealthymatters

Dutch Disease

May 6, 2013 Leave a comment

wealthymatters.com The term “Dutch disease” originates from a crisis in the Netherlands in the 1960s that resulted from discoveries of vast natural gas deposits in the North Sea. The new found wealth caused the Dutch guilder to rise, making exports of all non-oil products less competitive on the world market.Today the term is used in the context of exchange rates,to refer to the negative consequences arising from large increases in a country’s foreign currency inflows including – foreign direct investment, foreign indirect investment,foreign aid etc in addition to the ill effects on non-resource industries a by the increase in wealth generated by the resource-based industries. Read more of this post

Filed under Tidbits Tagged with bonds, Dutch Disease, Dutch Guilder, exchange rates, export competitiveness, exports, foreign aid, foreign capital inflow, foreign currency inflows, foreign direct investment, foreign indirect investment, forex rates, imports, interest rates, liquidity, oil wealth, postaday, price competitiveness, RBI Governor D Subbarao, resource-based industry, sterilisation operations

Naresh Goyal

May 6, 2013 Leave a comment

Naresh Goyal

Rarely do we come across pieces on entrepreneurs, written by their peers.The following is one of them,written by Captain Gopinath .Do read it and enjoy!

My personal opinion is that the good Capt.is somewhat stinting in his praise.But then perhaps I am biased, being a shareholder of both airlines and having had to live with the consequences of their decisions.Anyways, little known travel agent is not how his contemporaries in the Mumbai airport during his early days recall him.A knowledgeable,helpful and dependable person is the feeling I get from hearing their stories.There’s more about his early life after the piece by Capt. Gopinath. Read more of this post