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Analysis of the effect of natural resources extraction on the economy: Dutch disease effect in Norway and Venezuela between 1973 - 2013
 Sachunský, Jaromír ; Doležal, Ondřej (advisor) ; Ševčíková, Michaela (referee)
The aim of this bachelor thesis is to examine the impact of the consequences of the Dutch disease effect on the economy of Norway and Venezuela between 1973 -- 2013. How is it possible that Norway was able to accumulate the oil revenues in the largest sovereign wealth fund in the world while Venezuela has been long economically troubles? The introductory part defines the theoretical framework of the Dutch disease, the usual course outline and the most common consequences. While Norway serves as a textbook example of a country that managed to honourably overcome the disease effects Venezuela, on the contrary, cannot emerge of its consequences. In the last part of the thesis empirical comparisons of selected data are made, which further confirm the theoretical foundations.
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