Economy of Passio-Corum

Economy of the Greater Pallisican Trade Association
Currency:	Poli (P)
GDP:	1,276,477 P
GDP by Sector:	Food (% of GDP): 190,238 P (13.8%) Energy: 257,868 P (20%) Other: 834,906 P (65%)
Marketplace	Grand Duke National Mall
Industries:	Food Spices Eply-Rabrev Fuy-Rabrev Nou-Oname Adraso-Oname Drink Wine Livestock Eeli-Illt-Eda Fish Grain Oatmeal Wheat Cereal Hay Abalone Assorted Vegetables Assorted Nuts Energy Electricity Other Transportation Rail Air Sport Soccer Military Education Mining Silver Gold Natural Gas Coal Oil Salt Uranium Gemstone Chromium Limestone Medical Piracy Textile Cotton Silk Wool Misc. Pearls Timber
Major Industry (% of GDP):	Military (20.96%)
Largest Company (Value):	Shirley Stock Fund (267,609 P)
Labor Force (% of Total Population):	20,757,515 (62.8%)
Labor Force by Sector:	Food (% of All Employed): 2,862,812 (13.79%) Energy: 4,193,336 (20%) Other: 13,414,573 (64.6%)
Nonemployment (% of Total Population):	12,270,129 (37.1%)
Budget:	1,231,551 P
Budget Surplus or Deficit:	1,885 P
Inflation Rate:
Exports:	Military Gemstones Livestock
Export Partners:	Constancia Blackstone
Imports:	N/A
Reserves of Foreign Currency:

The economy of Passio-Corum is based upon the ideas outlined in the essay, "A Sustainable Economy".

History

Passasian Economic Model

The New Zimian economy as it currently exists was first conceptualized in the early 720's and '30s WG, when business leaders first began to collaborate with the government of Passas on the establishment and expansion of a national marketplace based upon the Small Commonwealth Exchange, the stock market of the Standardized Currency and Unified Economy. This economic system, which flourished in Passas and parts of Haifa despite failing to gain appeal in other parts of the greater community, was based upon the notion that consumers could receive dividends in the form of goods and services sufficient for a decent quality of life, in return for their investment in the nation's companies and industries who relied on investments in order to operate. Ultimately, this early economic system, known as the Passasian Economic Model, failed to attain widespread appeal due to criticism that the system was poorly defined insofar as the connection between investment and production was vague, and technically complicated to the extent that potential participants in the economy were dissuaded from becoming involved in the first place. These criticisms were largely addressed in 781 WG, with the publication of the famous essay by Opyeme Time, "A Sustainable Economy".

Hammish Economic Model

Regarded by many scholars as one of the most important economic essays in the history of Micras, "A Sustainable Economy" attempted to adopt and refine the ideas of the Passasian Economic Model in an effort to construct a viable, structured economy for the Commonwealth of Hamland and its allies. The essay, which was immediately well received by the international community, laid the groundwork for the system of commerce which would define Hamland, and Passas, for nearly four decades, serving to boost the Hammish economy, and industry, to unprecedented levels. This system of trade, which is described in Time's essay a the "Hammish Economic Model," would also greatly promote the expansion of Passio-Corum. In the years following the publication of "A Sustainable Economy," New Zimia, a nation which was quick to adopt the ideas expressed in the essay, was able to rapidly expand its influence into central Corum, Eastern Eura, and Keltia. Hamland, in the meantime, was able to benefit from its economic model by similarly expanding its own influence into the Skerry Isles, Northern Eura, and Haifa.

Despite its benefits, and despite its overwhelming immediate success in Passio-Corum the Hammish Economic Model resulted in an increase in political tensions in Hamland, where disagreements between the nation's Social Liberal Party and Pallisican Imperial Party perpetually threatened the viability of the nation's government. Furthermore, a sense of elitist and polemicist attitudes alienated supporters of the Hammish Economic Model from the international community, particularly from other members of the Standardized Currency and Unified Economy. Relations between Hamland and Shireroth suffered especially during this period, as disagreements between Pallisican leaders of Hamland and leaders of Shireroth boiled over on more than one occasion. Relations between Hamland and Passio-Corum also suffered during this period, insofar as the latter regarded the former as being uninterested, and disengaged in the alliance between the two nations.

The Hammish Economic Model, though largely abandoned by Hamland following the ritual suicide of Opyeme Time, officially collapsed in 837 WG, with the removal of New Zimian companies from the Hammish marketplace. Following the collapse of the Hammish marketplace, Hamland would slide into a period of economic and political turmoil. In Passio-Corum, however, the ideas expressed in "A Sustainable Economy" would again be transformed, this time into a system existing separately from the Standardized Currency.

Post Standardized Currency

In 837 WG, after years of deteriorating relations between Passio-Corum and Hamland, the government of New Zimia voted in favor of establishing Grand Duke National Mall, a marketplace separate from that of Hamland, and independent of the Standardized Currency. This decision by the New Zimian government marks the establishment of the Post Standardized Currency, an economic model which continues to embody a modified version of many of the ideas expressed by Opyeme Time in his world famous essay, but which does not rely on membership within the Standardized Currency or on access to the market's currency exchange. Unlike the Hammish Economic Model, which was based upon an existing international banking institution, SCUE, the Post Standardized Currency allows adherents to maintain their own independent unique markets. Nevertheless, the Post Standardized Currency attempts to uphold the principles expressed in "A Sustainable Economy," to the extent that independent markets still operate such that investors receive goods and services in return for their investments. This notion, which has remained consistent since the days of the Passasian Economic Model, remains central to Pallisican economic philosophy.

Today the Post Standardized Currency is the primary economic model of Passio-Corum and Passas. Both nations, as a result of their adherence to the ideas of the Post Standardized Currency, have enjoyed for several decades a period of economic growth and political stability. In Passio-Corum, political stability and economic prosperity has allowed for the establishment of colonies in southern and northern Eura, and southern Keltia, while in Passas, economic well-being has fostered a sense of independence and nationalism. That said, the Post Standardized Currency has also contributed to the spread of organized crime in many parts of the world, as criminals have begun to establish their own small, independent markets in various regions around Micras. In Keltia in particular, the Maritime Markets of the Strait of Haifa have benefited extensively from the ideas of the Post Standardized Currency. The Maritime Markets, as a result of the influence of the Post Standardized Currency, have acquired significant control of large portions of the Strait of Haifa, and threaten Hammish trade in Haifa.

Currency

The official currency of the Realm of Passio-Corum is the Poli. A currency whose value is backed by levels of investment in Grand Duke National Mall, the Poli is the primary currency of ten major nations or regions, and is the secondary currency of at least four autonomous regions. Variants of the Poli, such as the Liev, exist in parts of central Keltia and other parts of the world. That said, the Greater Pallisican Trade Association is constituted by the ten regions which use the Poli as their primary currency. A comprehensive list of such regions is seen below:

Country/Region	Currency	Year Adopted Currency
Kingdom of New Zimia	Poli	753 WG
Realm of Bayen	Poli	802 WG
Protectorate of the Wallis Islands	Poli	804 WG
Domain of the North Antarctic	Poli	804 WG
Eastern Eura Trade Association	Poli	812 WG
Realm of Redwood-Brugge	Poli	822 WG
Dependency of Tanah-Baru	Poli	823 WG
Realm of Alphaville	Poli	841 WG
Passas	Poli	851 WG
Chelkran Kesh	Poli	853 WG