Gregory effect
n.— «The Gregory effect (also known as Dutch disease) refers to a situation where an export boom fuelled by, say, a strong demand for resources causes an appreciation in the exchange rate. This appreciation makes imports cheaper, and the knock-on effect is to hurt the competitiveness of other sectors.» —“Why exporters hate paying top dollar” by Tim Harcourt The Age (Sydney, Australia) May 24, 2005. (source: Double-Tongued Dictionary)
Further reading
Unwrap the name of a candy bar, and you just might find a story inside. For instance, one chewy treat found in many a checkout lane is named after a family’s beloved horse. And: 50 years ago in the United States, some Latino elementary...
Book recommendations and the art of apology. Martha and Grant share some good reads, including an opinionated romp through English grammar, a Spanish-language adventure novel, an account of 19th-century dictionary wars, and a gorgeously illustrated...