Chenango Confederacy: Difference between revisions

==Economy==

The Chenango Confederacy is one of the world's poorest countries, and it sits at the brink between a {{wp|developing country}} and a {{wp|Least developed countries|least developed country}}. The Chenango peninsula was historically always the poorest part of the [[Northern Confederation]], with few natural resources, limited agricultural viability, and poor positioning relative to the Confederation's major economic drivers. [[Pachaug]] was the sole economic light of the area, serving as an important port with a bustling fishing industry. The economy was significantly impacted by the fifteen year period of Algosh domination between the [[Algosh coup]] in [[2009]] and the declaration of the Confederacy's independence in [[2024]]. Many of the country's leading technical and academic experts were relocated from the already-limited urban centers of the country to Algosh institutions, and in many cases much of the portable wealth of the country was literally carried away to the Algosh heartland during the period between [[2009]] and [[2011]]. Another major economic blow came in [[2017]] when [[Pachaug]] became independent of Algoquona following [[Operation Western Blizzard]], most of the economic ties between the peninsula and its most prosperous city were severed. This led to a major wave of deprivation, famine, and outmigration. It also precipitated a second round of expropriation by the government, as any strategically valuable industry was moved out of the now-vulnerable peninsula into the Algosh heartland. By the time of the declaration of the Confederacy's independence in [[2024]], the Chenango peninsula had recorded economic decline every year for the last fifteen years.

The reincorporation of Pachaug in the 2030s stimulated the economy slightly, as post-[[Pachoy Rebellion|rebellion]] reconstruction and economic reintegration of the city precipitated renewed investment in the eastern tip of the Chenango peninsula. The modern Confederacy is one of the world's major recipients of development aid, and is a priority area for the Urcean [[Ministry_of_Commerce_(Urcea)#Agency_for_Cronan_Economic_Development|Agency for Cronan Economic Development]]. Like many other countries in [[Cusinaut]], it is subject to a system known as the [[improvement economy]], or an effort to stimulate urbanization and economic modernization by means of massive infrastructure funding from [[Urcea]]. The Chenango Confederacy has been cited as a particular area of growth potential as it was one of the least developed parts of the Northern Confederation with few miles of track and virtually no major highways to speak of. Accordingly, significant development has occurred with the nation's physical infrastructure in the past several years, giving foreign observers the opportunity to observe a rare case where the improvement economy model is being used in the case of so-called "virgin roadways" rather than restoring or upgrading previously extant networks. In addition to the major networks, the Confederacy requires the construction of more schools and hospitals than other developing Cronan countries due to a lack of investment in education and healthcare in the Confederacy in the past. Most economists project the Chenango Confederacy will require additional time to see growth from the improvement economy model due to the newness of the networks being created, as it will take time for Chenango society to adjust and form new economic and social spheres of gravity. Nonetheless, the investment in the workforce and sudden appearance of well-capitalized local contracting firms has had a limited positive effect in ending the economic decline of the 2010s and stagnation of the 2020s, with modest economic growth recorded every year since [[2031]]. In [[2034]], foreign capital-funded resource expeditions discovered an economically viable amount of cobalt under the Confederacy, spurring significant interest among Occidental as well as Nysdrine firms to begin exploitation. While such mines have not opened as of yet and further exploration continues, some have suggested cobalt exports may join together with the improvement economy to propel the Confederacy out of poverty and into global relevance.