Economy of Constancia: Difference between revisions
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The intention of stimulating investment into Constancia also centred around a policy of economic liberalisation with the goal of making the economy more market and service-oriented, stimulating private investment and economic participation by the Euran populace. | The intention of stimulating investment into Constancia also centred around a policy of economic liberalisation with the goal of making the economy more market and service-oriented, stimulating private investment and economic participation by the Euran populace. | ||
These intentions were however widely criticised at the time for seemingly quickly degenerating into a form of [[wikipedia:Crony capitalism|crony capitalism]] wherein government ministers, the Autokrator, and even the royal family themselves, were perceived to be engaged in a monumental programme of self-enrichment through a series of convoluted stock issuances, asset swaps, and buy-outs, most of which seemed to involve, at some point or another, the [[ESB Group]] and its [[ESB Euran Directorate|Euran]] or [[ESB Group (Keltia)|Keltian]] subsidiaries. All of this occurring while productivity stagnated and the tenuous democratic norms established after the first [[Euran War]] were increasingly flouted. The consequence of which would be a reckoning not long in coming for ''[[History of Constancia under Primo de Aguilar|Primokratíc]] regime''. | These intentions were however widely criticised at the time for seemingly quickly degenerating into a form of [[wikipedia:Crony capitalism|crony capitalism]] wherein government ministers, the Autokrator, and even the royal family themselves, were perceived to be engaged in a monumental programme of self-enrichment through a series of convoluted stock issuances, asset swaps, and buy-outs, most of which seemed to involve, at some point or another, the [[ESB Group]] and its [[ESB Euran Directorate|Euran]] or [[ESB Group (Keltia)|Keltian]] subsidiaries. All of this occurring while productivity stagnated and the tenuous democratic norms established after the first [[Euran War]] were increasingly flouted. The consequence of which would be a reckoning not long in coming for the ''[[History of Constancia under Primo de Aguilar|Primokratíc]] regime''. | ||
===Second Euran War: collapse and dislocation=== | ===Second Euran War: collapse and dislocation=== | ||
Revision as of 22:37, 8 March 2019
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| Currency: | Imperial Stater ($) |
| GDP: | TBC $ |
| GDP by Sector: |
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| Marketplace | |
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| Industries: |
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| Major Industry (% of GDP): | Military (TBC %) |
| Largest Company (Value): | ESB Euran Directorate (TBC $) |
| Labour Force (% of Total Population): | 4,740,865 (TBC %) |
| Labour Force by Sector: |
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| Unemployed (% of Total Population): | TBC (TBC %) |
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| Budget: | TBC $ |
| Budget Surplus or Deficit: | TBC $ |
| Inflation Rate: | |
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| Exports: | Gemstones (formerly), artisanal soap, salt, sand, sponges, fish (fresh, salted, dried) and fishery products, uranium (formerly), Nivardom marble, expatriate and migrant workers, Aqaba shore tar-naphtha |
| Export Partners: | Natopia, Shireroth |
| Imports: | Grain, machinery, chemicals, natural gas, steel, alloys, vehicles, medicine, weaponry |
| Import Partners: | Natopia, Shireroth, |
| Reserves of Foreign Currency: | |
The economy of Constancia is, perhaps barring that of internationally sanctioned Floria, the single most heavily regressed of all surviving nations impacted by the consequences of the War of Lost Brothers and its global aftermath. As such Constancia is one of the few countries of Micras to have gone from a developed to developing economy in the lifetime of its citizens, a consequence of abandoning the former national capital, Vey, and its surrounding agricultural hinterland on the shores of Lake Erik, as the land was rendered uninhabitable during the course of another continent wide conflagration. The evacuations represented catastrophic losses of infrastructure, investments, and population, with more than two million perished and almost a further million unaccounted for. Complete dissolution was only averted by the plunder taken from Iteru, political union with Raspur, and the re-consolidation of the state around the Gulf of Aqaba - sustaining the nation by affording access to the fleets of the Raspur Pact. The Constancian is heavily reliant upon state aid from the allied powers (Natopia and Shireroth), mostly received in the form of material transfers made via the allied theatre command; a fact which has led hostile powers, such as Jingdao to characterise Constancia as being little more than a Shirerithian colony - a claim furiously rejected by its inhabitants.
History
Inter-war period
The economy of Constancia is geared heavily towards reconstruction in the wake of two devastating Euran conflicts and the general dislocation in global trade occasioned by the Alexandrian Flu, War of Lost Brothers, the White Plague, and the consolidation of a hostile and invasive Bassarid polity along the shores of the Sea of Storms.
The major problem at the onset of Primo de Aguilar's ascension to the Autokratocracy was Constancian access to credit, particularly in light of the economic losses suffered in the course of the Euran war. The Free and Associative Kingdom at the time utilised a free currency regime, had minimal tax revenue that accrued to the national government (although all real property was legally held in chief by the Basileus), and had major development needs. By adopting a policy of "Semi- State Capitalism" / "Coordinated Capitalism" combined with a top-down system of "National-Democracy", the Constancian regime sought to create conditions conducive for attracting inward investment by the powerful multinational corporations - such as the ESB Group, Iron Company, and SATCo - which were perceived as the underpinning of the economic system of the SANE (later Raspur Pact) alliance.
The intention of stimulating investment into Constancia also centred around a policy of economic liberalisation with the goal of making the economy more market and service-oriented, stimulating private investment and economic participation by the Euran populace.
These intentions were however widely criticised at the time for seemingly quickly degenerating into a form of crony capitalism wherein government ministers, the Autokrator, and even the royal family themselves, were perceived to be engaged in a monumental programme of self-enrichment through a series of convoluted stock issuances, asset swaps, and buy-outs, most of which seemed to involve, at some point or another, the ESB Group and its Euran or Keltian subsidiaries. All of this occurring while productivity stagnated and the tenuous democratic norms established after the first Euran War were increasingly flouted. The consequence of which would be a reckoning not long in coming for the Primokratíc regime.
