Where: Montgomery Community College (Rockville Campus) – Humanity Building (HU), Conference Room 009 (Get Directions, Campus Map )
Language: English
Synopsis:
In recent economic literature Dutch disease refers to the harmful consequences of large increases in a country’s income. Although Dutch disease is generally associated with a natural resource discovery, it can occur from any development that results in a large inflow of foreign currency, including a sharp surge in natural resource prices, foreign assistance, and foreign direct investment.
This presentation brings attention to the potential impact of Dutch Disease within an economy. It reviews and examines its theoretical arguments as well as the existing empirical evidences on the onset and the continuation of Dutch Disease in various developed or developing countries based on the structure of their economies, degree of coordinated wage determination, intensity of factor specificity, and the magnitude of income inequality. The focus of the presentation is to look into the impact of the disease on the Iranian economy and it influence on the resource allocation over the last four decades. The hope is to generate relevant discussions leading to ideas and suggestions for highlighting elements of pertinent policy implications for the near future and the long run.
About the Speaker:
Dr. Jamshid Damooei is Professor of Economics and Chair of the Department of Economics, Finance and Accounting at California Lutheran University. He served as the Director General of the Department of Economic Studies and Policies of the Ministry of Economic Affairs and Finance of Iran. Dr. Damooei worked as a Senior Economist for the United Nations Development Program (UNDP) from 1988 to 1991. He continued to work as an international consultant for the UNDP and the United Nations Office of Project Services (UNOPS) after he left his position in the UN and returned to California Lutheran University. Dr. Damooei’s scholarly work includes a broad spectrum of current social and economic issues such as: project design and evaluation, crisis prevention and recovery, causes of economic imbalances, and economic and social impact assessments. He received his Bachelor of Science in Economics from Tehran University, Master of Sciences in Economics from the University of Surrey, MPhil in Economics from University of London and Ph.D. in Economics from the University of Surrey (U.K.) in 1981. He is the president of Damooei Global Research, Inc. a consulting company focused on program and project evaluation, economic impact studies, needs assessment, and policy analysis.
Fee (including dinner): $5 Students, $15 Public