Titechaxha: Difference between revisions

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==Economy==

~~Poor~~, but ~~not bad~~

Titechaxha's economy is tied closely to those of Arcerion and the New Archduchy due to their shared history and Titechaxha's geography placing it within the wider Arcosphere. In 2030, the largest sectors of the GDP were agriculture (32%), cobalt and nickel mining (11%) and lastly tourism (4.8%).

Titechaxha has a limited finance and white-collar finance industry, which is generally considered to be an offshoot and expansion of the Arcer finance system centered around Kinnaird. The Central Bank of Titechaxha is the central government-organized and managed financial institution in the country. It performs the usual functions of a central bank, such as controlling inflation and coordinating with other Cronan partners to manage the usage and issuance of the [[Cronan lira]]. There is a considerable gap between the legitimate economy and the black market in Titechaxha, as the government's weak internal revenue and tax bureaus, as well as a lack of a digitized economy mean that there is a thriving unreported or non-taxable black/grey economy. It struggles to maintain a more digitized and modern financial sector due to the proximity to New Archduchy, a highly developed post-industrial economy, and the prevalence of Arcer banks and financial institutions.

Titechaxha's unemployment rate fluctuates based on season, as the winter (non-farming) usually has a spike, adding 10-15% to the workforce or those seeking work, however in 2033 the average unemployment rate was 27%. It has a skilled labour workforce and a slow growth manufacturing industry along the coast, usually found in the major cities such as Tibokro or Noniaka. The government's attempts to lower unemployment have largely failed, despite their efforts to attract foreign investment from non-Cronan parties. This has led to unemployed Chaxhans participating in the illegal economy with activities such as arms trafficking, smuggling, and in some cases piracy.

In 2029 the [[Kinnaird Financial Times]] listed the Titechaxhan economy as a 'developing' one, but with the potential for massive growth in the 2030s with the end of Varshan and the Final War of the Deluge. Titechaxha was rated ahead of [[Washakara]], [[Malentina]], [[Telonaticolan]], and [[Chakailan]], all of them indigenous contemporaries. This data came from the Times' own research, internal statistical reporting from the Central Bank of Titechaxha, and international audits from the League of Nations. Attempts to continue to drive growth in the 2030s have led the Titechaxhan Secretary of Finance travelling to other major Cronan and non-Cronan countries, as well as making repeated appeals to the League of Nations for infrastructure investment. Concurrently, the Secretary of the Interior has slashed bureaucratic processes and worked with the First Congress to reduce legislative boundaries to new businesses.

The cost of living in Titechaxha is above the Cronan average due to its status as an import economy and the availability of manufactured products, foodstuffs, electronics, and consumer goods from the New Archduchy and Arcerion.

The Chaxhan Tax Service is the internal revenue and taxation bureau of the state, and has both personal income tax, business tax, and sales tax. There is a progressive tax based on personal income that is seen as progressive and liberal, allowing for the accumulation of personal wealth. Titechaxha has also kept foreign investment tax rates or property taxes on foreign land purchasing low, which has helped attract some foreign ivnestment, particularly from Arcer agricultural conglomerates and wealthy Levantine expatriates.

Despite the overall developing status of the country, Titechaxha has several modern seaports, one large Occidental-style international airport, and paved roads in its urban centres with some multi-lane highways. Rail transport is largely done through a subsidiary of the [[Arco National Railway Service]], Chaxhan Freight and Rail. The Central Plateau is a major throughfare for South Cronan goods heading into North and Central Crona, meaning that there are several large railside towns in central Titechaxha.

==Military==

@@ Line 149: / Line 149: @@
 ==Economy==
-Poor, but not bad
+Titechaxha's economy is tied closely to those of Arcerion and the New Archduchy due to their shared history and Titechaxha's geography placing it within the wider Arcosphere. In 2030, the largest sectors of the GDP were agriculture (32%), cobalt and nickel mining (11%) and lastly tourism (4.8%).
+Titechaxha has a limited finance and white-collar finance industry, which is generally considered to be an offshoot and expansion of the Arcer finance system centered around Kinnaird. The Central Bank of Titechaxha is the central government-organized and managed financial institution in the country. It performs the usual functions of a central bank, such as controlling inflation and coordinating with other Cronan partners to manage the usage and issuance of the [[Cronan lira]]. There is a considerable gap between the legitimate economy and the black market in Titechaxha, as the government's weak internal revenue and tax bureaus, as well as a lack of a digitized economy mean that there is a thriving unreported or non-taxable black/grey economy. It struggles to maintain a more digitized and modern financial sector due to the proximity to New Archduchy, a highly developed post-industrial economy, and the prevalence of Arcer banks and financial institutions.
+Titechaxha's unemployment rate fluctuates based on season, as the winter (non-farming) usually has a spike, adding 10-15% to the workforce or those seeking work, however in 2033 the average unemployment rate was 27%. It has a skilled labour workforce and a slow growth manufacturing industry along the coast, usually found in the major cities such as Tibokro or Noniaka. The government's attempts to lower unemployment have largely failed, despite their efforts to attract foreign investment from non-Cronan parties. This has led to unemployed Chaxhans participating in the illegal economy with activities such as arms trafficking, smuggling, and in some cases piracy.
+In 2029 the [[Kinnaird Financial Times]] listed the Titechaxhan economy as a 'developing' one, but with the potential for massive growth in the 2030s with the end of Varshan and the Final War of the Deluge. Titechaxha was rated ahead of [[Washakara]], [[Malentina]], [[Telonaticolan]], and [[Chakailan]], all of them indigenous contemporaries. This data came from the Times' own research, internal statistical reporting from the Central Bank of Titechaxha, and international audits from the League of Nations. Attempts to continue to drive growth in the 2030s have led the Titechaxhan Secretary of Finance travelling to other major Cronan and non-Cronan countries, as well as making repeated appeals to the League of Nations for infrastructure investment. Concurrently, the Secretary of the Interior has slashed bureaucratic processes and worked with the First Congress to reduce legislative boundaries to new businesses.
+The cost of living in Titechaxha is above the Cronan average due to its status as an import economy and the availability of manufactured products, foodstuffs, electronics, and consumer goods from the New Archduchy and Arcerion.
+The Chaxhan Tax Service is the internal revenue and taxation bureau of the state, and has both personal income tax, business tax, and sales tax. There is a progressive tax based on personal income that is seen as progressive and liberal, allowing for the accumulation of personal wealth. Titechaxha has also kept foreign investment tax rates or property taxes on foreign land purchasing low, which has helped attract some foreign ivnestment, particularly from Arcer agricultural conglomerates and wealthy Levantine expatriates.
+Despite the overall developing status of the country, Titechaxha has several modern seaports, one large Occidental-style international airport, and paved roads in its urban centres with some multi-lane highways. Rail transport is largely done through a subsidiary of the [[Arco National Railway Service]], Chaxhan Freight and Rail. The Central Plateau is a major throughfare for South Cronan goods heading into North and Central Crona, meaning that there are several large railside towns in central Titechaxha.
 ==Military==

Titechaxha: Difference between revisions

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