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Economy of Urcea: Difference between revisions
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Although Urcea's major trade partners are within the Levantine Union, it conducts a large amount of overseas trade. Urcea's shipping industry is one of the largest in the world, and foreign trade with Crona, Sarpedon, and other partners have greatly enhanced the shipping and air freight industries. Urcean economic interests in Crona have lead to greater trade across the Levantine Ocean, with a particular emphasis on new markets in [[New Harren]], which serves as a hub for trade goods in the eastern hemisphere and a gateway for goods to flood back to Levantia. Urcea traditionally suffered a fairly large trade deficit mostly reliant on exporting food and other goods to [[Sarpedon]], but with the rise of the [[Nysdra Sea Treaty Association]] and development of markets in [[Crona]] - in addition to increased trade with [[Caphiria]] - the nation has enjoyed a trade surplus fairly regularly since [[2014]]. | Although Urcea's major trade partners are within the Levantine Union, it conducts a large amount of overseas trade. Urcea's shipping industry is one of the largest in the world, and foreign trade with Crona, Sarpedon, and other partners have greatly enhanced the shipping and air freight industries. Urcean economic interests in Crona have lead to greater trade across the Levantine Ocean, with a particular emphasis on new markets in [[New Harren]], which serves as a hub for trade goods in the eastern hemisphere and a gateway for goods to flood back to Levantia. Urcea traditionally suffered a fairly large trade deficit mostly reliant on exporting food and other goods to [[Sarpedon]], but with the rise of the [[Nysdra Sea Treaty Association]] and development of markets in [[Crona]] - in addition to increased trade with [[Caphiria]] - the nation has enjoyed a trade surplus fairly regularly since [[2014]]. | ||
==Business culture== | ==Business culture== | ||
Urcean society exhibits a unique business culture due to a number of different social traditions and institutions, including and especially the [[Catholic Church]] and [[Guilds (Urcea)|guild]] system. The guilds in particular have been observed to have greatly “democratized” the Urcean economy, with industry-spanning megacorporations not only hard to form in terms of regulatory environment, but they are also socially and culturally frowned upon. Instead, scholars note that corporate leaders tend to focus on very long-term planning and possible innovation rather than competitive domination and cornering markets. The presence of a shared Catholic morality between most members of Urcean society, meanwhile, have been noted to create a society of trust among business leaders. Surveys of foreign business leaders note that many Urceans conduct business based on handshake and verbal agreements; consequently, Urcea has among the lowest levels of corporate litigiousness in the | Urcean society exhibits a unique business culture due to a number of different social traditions and institutions, including and especially the [[Catholic Church]] and [[Guilds (Urcea)|guild]] system. The guilds in particular have been observed to have greatly “democratized” the Urcean economy, with industry-spanning megacorporations not only hard to form in terms of regulatory environment, but they are also socially and culturally frowned upon. Instead, scholars note that corporate leaders tend to focus on very long-term planning and possible innovation rather than competitive domination and cornering markets. The presence of a shared Catholic morality between most members of Urcean society, meanwhile, have been noted to create a society of high trust among business leaders. Surveys of foreign business leaders note that many Urceans conduct business based on {{wp|Gentlemen's agreement|handshake}} and verbal agreements; consequently, Urcea has among the lowest levels of corporate litigiousness in the [[Occident]]. | ||
==Political issues== | ==Political issues== | ||