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Almadaria: Difference between revisions
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==Economy== | ==Economy== | ||
Almadaria has an emerging, upper middle-income mixed-market economy, ranked as the 17th largest economy, or 19th largest by GDPPC. The Almadarian economy is highly developed, with an equally as high standard of living. This is helped in part by policy-minded government intervention by the Ministries of Trade and Ministry of Environmental and Resource Concerns. As well, due to the government's policy of courting foreign investment, the Almadarian currency sports a high [[:en:Purchasing_power_parity|PPP]]; since late 20th century, the Almadarian [[Valverde]] has been a competitive currency on the foreign exchange, hovering near or around the value of a Levantine [[Taler]]. Foreign investment is partly incentivized and partly kept under control through the [[International Trade Interest Regime]] (ITIR/RICI); this policy establishes laissez-faire geographic zones for foreign companies to operate, with the added benefits of exemption from value-added taxes, among others. This makes it possible for domestic businesses to operate without strangulation from their foreign competition. Almadaria scores well on the Human Development Index, is known for its inventive | Almadaria has an emerging, upper middle-income mixed-market economy, ranked as the 17th largest economy, or 19th largest by GDPPC. The Almadarian economy is highly developed, with an equally as high standard of living. This is helped in part by policy-minded government intervention by the Ministries of Trade and Ministry of Environmental and Resource Concerns. As well, due to the government's policy of courting foreign investment, the Almadarian currency sports a high [[:en:Purchasing_power_parity|PPP]]; since late 20th century, the Almadarian [[Valverde]] has been a competitive currency on the foreign exchange, hovering near or around the value of a Levantine [[Taler]]. Foreign investment is partly incentivized and partly kept under control through the [[International Trade Interest Regime]] (ITIR/RICI); this policy establishes laissez-faire geographic zones for foreign companies to operate, with the added benefits of exemption from value-added taxes, among others. This makes it possible for domestic businesses to operate without strangulation from their foreign competition. Almadaria scores well on the Human Development Index, is known for its inventive and internationally competitive financial services and banking, which operate in cooperation with both the Almadarian government as well as having influences in the [[Vallosian Economic Association]]. | ||
A proponent of economic liberalism from its foundation, Almadaria has formed a cornerstone and historical anchor of the economic heart of [[Vallos]] when its primary peers suffered from instability. Almadaria's (formerly the Kingdom of Septemontes) lasting economic centrality to Vallos and sweeping development occurred in the 18th and 19th centuries as a result of the country's role in [[the Southern Route]], the cause of many historical controversies. In the modern era, Almadaria has been a founding member of the [[Vallosian Economic Association]] (VEA), as well as signatories to [[PROSPER Program]] and other international initiatives. | A proponent of economic liberalism from its foundation, Almadaria has formed a cornerstone and historical anchor of the economic heart of [[Vallos]] when its primary peers suffered from instability. Almadaria's (formerly the Kingdom of Septemontes) lasting economic centrality to Vallos and sweeping development occurred in the 18th and 19th centuries as a result of the country's role in [[the Southern Route]], the cause of many historical controversies. In the modern era, Almadaria has been a founding member of the [[Vallosian Economic Association]] (VEA), as well as signatories to [[PROSPER Program]] and other international initiatives. | ||
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===Industries and Sectors=== | ===Industries and Sectors=== | ||
The services sector of the Almadarian economy is its strongest, led first and foremost by its financial services industry, as well as the telecommunications industry and information technology industry, followed closely by a mature retail industry and real estate market. Initially agricultural, Almadaria experienced a brief period of industrialization before rapidly financializing in the later period of the 20th Century. The core of the sudden shift towards financialization lies in the early origins of the Almadarian banking system in the ''Vagercatores'', or the Merchant Kingdoms, that emerged after the fall of the Caphirian Undecimvirate, with the first bank in Almadaria founded in Interumina in 1549. After the [[Second Great War]], the Edmundo Virgen Administration ( | The services sector of the Almadarian economy is its strongest, led first and foremost by its financial services industry, as well as the telecommunications industry and information technology industry, followed closely by a mature retail industry and real estate market. Initially agricultural, Almadaria experienced a brief period of industrialization before rapidly financializing in the later period of the 20th Century. The core of the sudden shift towards financialization lies in the early origins of the Almadarian banking system in the ''Vagercatores'', or the Merchant Kingdoms, that emerged after the fall of the Caphirian Undecimvirate, with the first bank in Almadaria founded in Interumina in 1549. After the [[Second Great War]], the Edmundo Virgen Administration (1948-58) led the charge towards increased financialization of the economy in an attempt to sidestep increasing agricultural and mineral preponderance of Almadaria's neighbors and the developed and first-class manufacturing economies of the Burgoignac [[Equatorial Ostiecia]]. This way, necessary political and societal reforms that made up President Virgen's administrative platform could be funded without being dependent on mineral, energy, or up-till-then uncompetitive industries. It was during this time the CLN passed several banking secrecy laws in the 1950's, which began to attract futures contracts for the real mineral resources of Almadaria. The increased investment was then used to double down on financial infrastructure, beginning the so-called cycle of a 'runaway' financial economy while the government used the dividends for small, sophisticated projects. | ||
==== Financial Services ==== | ==== Financial Services ==== | ||
The financial services economy collects the lion's share of domestic and foreign investment, growth, and policy focus. The | The financial services economy collects the lion's share of domestic and foreign investment, growth, and policy focus. There are more than 411 distinct financial firms and cooperatives in Almadaria, from which come seven of the ten richest Almadarian citizens. The financial services come primarily in the form of banking in its commercial and investment forms, as well as financial exports, insurance, foreign exchange brokerage, as well as advising and analysis. [[Grupo Caballero]], an Almadarian firm worth 34.6 billion [[Universal Standard dollar|USD]], provides accounting services to international organizations such as the [[Vallosian Economic Association]]. | ||
===Currency=== | ===Currency=== | ||
''What exchange systems are used within your country's economy?'' | ''What exchange systems are used within your country's economy?'' | ||