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theory, the sudden discovery of oil may cause a decline in the manufacturing sector. The consequences will vary from country to country, depending on the country's economic structure and stage of development. For example, after the oil boom in
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Mineral-rich countries and Dutch disease: Understanding the macroeconomic implications of windfalls and the development prospects the case of
Equatorial Guinea
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in an economy. Generally, this short period initially brings economic benefits, in terms of increased
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What happens when a country does not adjust to terms of trade shocks?: the case of oil-rich Gabon
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in the oil sector. For the oil spill management device, see
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Large inflow of income from high production or prices of oil
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of income as a result of high global oil prices or large
61:Some important oil booms around the world include:
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203:. World Bank Publications. p. 9.
186:. World Bank Publications. p. 31.
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88:(United States, early 1900sā1940s)
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49:, but might later lead to a
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180:Toto Same, Achille (2008).
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104:(United States, 2008ā2015)
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76:Pennsylvanian oil rush
19:This article is about
102:North Dakota oil boom
197:Zafar, Ali (2004).
141:1970s energy crisis
151:1979 energy crisis
146:1973 energy crisis
25:Boom (containment)
210:978-1-00-716495-7
124:Equatorial Guinea
113:According to the
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92:Calgary oil boom
66:Mexican oil boom
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109:Consequences
72:, 1977ā1981)
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164:References
47:GDP growth
231:Oil booms
126:did not.
225:Category
130:See also
32:oil boom
98:, 1947)
82:, 1859)
57:History
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96:Canada
70:Mexico
39:inflow
120:Gabon
36:large
205:ISBN
30:An
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