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Dutch Disease Is a Term Applied to a Problem in the 1970

question 8

Essay

Dutch Disease is a term applied to a problem in the 1970 whereby the Netherlands were experiencing massive and sudden inflows of capital from abroad. What was the cause of this sudden influx of capital, and what types of potential problems did it have for the Dutch or could it have for any small single resource country?


Definitions:

Takt Time

The rate at which a completed product needs to be finished in order to meet customer demand.

Operation Time

The total amount of time that is required to complete a specific operation in the production process.

Work Cell

A configuration of resources in a manufacturing environment arranged for the efficient production of a product, focusing on minimizing movement and wait times, often as part of a lean manufacturing strategy.

Staff Demand

The projected need for employees in an organization to meet its goals and workload.

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