A term coined by The Economist in the 1970s to describe the economic malaise in the Netherlands when booming exports of natural gas caused the guilder to appreciate, making other Dutch goods more expensive for foreigners and hurting the non-gaseous parts of the economy. The phrase has since become a standard label for the phenomenon whereby a surge in one export sector strengthens the currency and undermines other industries.
You may have heard that a dean is to faculty as a hydrant is to a dog.