Sentences with phrase «1960s oil boom»
When the Opposition leader noted in the House of Commons, in 2012, that a federal study had shown that Canada was falling prey to «Dutch disease» (named after the 1960s oil boom, which devastated other exports in the Netherlands), Conservative MP Kellie Leitch offered the government's response: «The leader of the Opposition wants to call Canadian employers a disease.»
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The discovery of oil in the 1960s led to a boom and the emirate used its resources to diversify into a wide scope of industries and economic sectors with the launch of a number of outstanding initiatives such as the offshore Jebel Ali Free Zone.