In this paper, the stabilization problem of minimum phase nonlinear systems by dynamic output feedback is investigated. It is shown that if the zero dynamics of an affine nonlinear system is asymptotically stable according to the kth approximation, then the system is stabilizable by dynamic output feedback. The proof is constructive, which provides a method to design the stabilizer. The result is applied to investigating the stabilization problem of the rotating stall in axial flow compressors.