11 Pages Posted: 28 Mar 2012 Last revised: 10 May 2012
Date Written: March 27, 2012
Dutch disease refers to the negative consequences of a resource boom, including the fragmentation of property markets. In Australia, some mining-exposed regional cities are under demographic and housing pressure. Gladstone in Queensland is a city struggling to digest mineral-induced growth. Dutch disease also hurts competitiveness in fringe urban locations where most retail, service and manufacturing workers live. So the twin urban facets of Dutch disease are, on the one hand, growth without territorial foresight or ‘predator development’ in boom towns and, on the other, fringe urban neglect. Smart regional and fringe regeneration can treat both symptoms but requires foresight, portfolio governance and systems resilience. Insight to inform it emerges from the eclectic study of past cities or successful regeneration schemes. Limited evidence from local authorities suggests inadequate resources for smart strategic planning to treat urban symptoms of Dutch disease in Australia.
Keywords: Resource boom, Dutch disease, regional housing, foresight, resilience, sustainability
JEL Classification: O18
Suggested Citation: Suggested Citation