What Makes The Netherlands So Special?
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Published 2024-06-10
Discover the Netherlands' unique economic journey, from pioneering modern trade and finance to overcoming Dutch Disease. See why it's one of the most productive and livable countries today. Can other economies learn from the Dutch model?
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All Comments (21)
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The Netherlands doesn't have 'one of the oldest stock exchanges in the world'. They have THE oldest stock exchange. The first ever stock exchange the world has ever seen. They literally invented the modern stock exchange as we still know it today.
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"Doesn't have its own global companies or world industry" stares intensely at ASML 👀
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Let’s just hope they don’t crash the market over tulips or something.
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Industry should probably score more than 8/10. No mention of ASML, NXP, Philips, Heineken, DSM.
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"It's smaller size means it does not have much in the way of its own global companies or world leading industries." Is it me or do the Dutch, despite their small size, have some pretty significant global companies?
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the problem is that unlike the Netherlands, most don't have the knowledge needed to succeed in a challenging economy and markets. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high in these challenging conditions, they have experience economists handling their affairs. Ignorance is a thing of the past in the Netherlands.
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I read the title as "What makes Neanderthals so special?" and was very intrigued about neanderthal economic system analysis.
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One thing to notice as to why the gas is staying in the ground, is that the extraction was causing a lot of property damage in the cities above the gas fields through earthquakes, and that ate the entirety of the benefits and then some, removing the economic argument for extracting the gas.
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Are they? I met hundredrs of young dutch people and not a single one is able to buy any property there ever. Living with parents of renting forever.
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As far as world leading industries goes: The dutch build lithography machines used to manufacture basically everything that was used to create this video, as well as every device used to watch it. As a German I can't disregard our optics going into these machines, but still quite world leading if you ask me^^
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The Netherlands is a global leader in advanced lithography. Without which all the most advanced micro electronics in the world would not exist. ASML (Dutch) makes the machines that TMSC (Taiwan) uses to make the chips that go into our mobile phones, our computers, and increasingly other electronics in our smart homes.
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Closing the gas fields was done because it caused earthquakes not really because of the environment. It is also quite overstated how important it was for the total economy. The tax haven thing has mostly been fixed apart from royalties and such. The part-time work culture is politically mostly seen as a bad thing, most parties want to make it more attractive to work full-time. Perhaps a mention of ASML would also have been nice.
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I once asked a Dutch guy why are weed allowed in Netherland He replied 'so that we can be in the same level as other countries'
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The metrics used to place nations on the leaderboard seem really suspect when the Netherlands fares worse than the aggregate EU...
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just a little heads up that the West India Company was notorious for very different reasons than the East India Company - it was a thin facade for piracy, the actual arrr kind not some kind of metaphor
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entire world runs on chips made from ASML equipment, not sure why you say " it doesn't have much in the way of its own global companies", that single company literally shakes geopolitics.
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No world leading industry of its own? ASML go brrrrrrr
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The Dutch approach to shipping and finance would also help one of its former colonies become the economic capital of the world. New Amsterdam, now New York City, still has much of the Dutch economic esprit of its founders.
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Having an economy based of a reduced workload, meaning employees working part-time instead of full-time, yet still successfully maintaining the economy, is a similar principle seen with the cardiovascular system. Increasing the efficiency of the heart by doing less work to maintain adequate blood flow is a healthy adaptation of exercise training.
