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Housatonic: Difference between revisions
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== Economy == | == Economy == | ||
Housatonic has developed a robust economy since its creation as an international charter city in the 2010s; the favorable economic climate created by the charter and supported by the local government led to good conditions for [[Occidental]] firms to begin establishing offices in Housatonic. The influx of foreign capital enhanced the service economy in the charter city, and the increased demand for food has led to major expansion of the fishing industry. It houses the world's northernmost major {{wp|international airport}}, and despite temperatures it has become a premier air hub and layover destination for travel between [[Levantia]] and [[Alshar]], as well as other destinations in [[Crona]]. | Housatonic has developed a robust economy since its creation as an international charter city in the 2010s; the favorable economic climate created by the charter and supported by the local government led to good conditions for [[Occidental]] firms to begin establishing offices in Housatonic. The influx of foreign capital enhanced the service economy in the charter city, and the increased demand for food has led to major expansion of the fishing industry. It houses the world's northernmost major {{wp|international airport}}, and despite temperatures it has become a premier air hub and layover destination for travel between [[Levantia]] and [[Alshar]], as well as other destinations in [[Crona]]. | ||
The traditional, pre-Charter economy of Housatonic relied on two sectors; {{wp|transshipment}} and fishing. Housatonic served as one of the primary oceanic ports, along with [[Pachaug]] for goods intended for and exported from the [[Algosh Republic|Algosh heartland]]. This trade route established a modest mercantile class in the city, though Pachaug was always considered the larger port and consequently had the more prosperous and influential mercantile class. The trade route also necessarily created some port infrastructure in the city, employing dockworkers; the port also created a small pre-modern service sector including inns and taverns which were important cultural and economic sites in pre-modern downtown Housatonic. Beyond that, fishing in the Unnuaq Bay was the main way in which people in Housatonic made a living and also fed themselves, with small amounts of surplus being exported inland. | |||
The arrival of foreign capital with the Charter era economy revolutionized Housatonic's economy. The old pre-Charter economic sectors of transshipment (now envisioned as transportation and logistics) and fishing were greatly expanded with both Levantine funds and equipment, creating both a modern port on the Unnuaq Bay as well as greatly enhancing the number of fish produced and exported by Housatonic. These sectors, however, lost their relative prominence vis a vis the service sector, which became a primary economic driver within the City of Housatonic. The new technical experts and managers in revitalized shipping and fishing firms brought on many new retail markets, restaurants, hotels, and other related accommodations. New major sectors emerged with the Charter era as well. The ongoing modernization of the Nysdra Sea basin economies required new tech firms as well as regional offices of existing tech-related corporations to be opened in Cusinaut, and though many went to [[New Harren|Port St. Charles]], a number relocated to Housatonic. Their presence, combined with foreign views of education, resulted in the opening of the University of Housatonic in [[2021]], with specialty on high-tech areas as well as education. The opening of the University also created significant economic growth, not only due to the cumulative effects of education but also due to the influx of education professionals and the services needed to sustain them. | |||
Between [[2020]] and [[2026]], Housatonic experienced near-exponential growth in what many economists called a "runaway virtuous cycle", as the growth of industries, education, and other areas compounded economic interest in the city. Accordingly, in [[2030]], the GDP PC of Housatonic was $21,242 - among the highest in the Nysdra Sea region and a major growth from its [[2016]] estimated GDP PC of $9,501. The growth of Housatonic's economy also had the unintended consequence of overshadowing nearby [[Pachaug]], and the inequity of growth was a contributing factor in the [[Pachoy Rebellion]]. | |||
== Military == | == Military == | ||