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Economy of Puertego: Difference between revisions
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=== Gambling === | === Gambling === | ||
The gambling industry in Puertego was originally outlawed in by the 2002 Moral Standards Act which outlawed all unauthorized forms of gambling and provided for penalties ranging from monetary fines to short prison sentences, although the Puertegan government does not list gambling as an offense which someone is able to go to prison over. However, while gambling is still officially illegal in Puertego the law only applies to Puertegan citizens allowing many casinos to operate inside Puertego's borders designed to cater to the interests of tourists with 22 such establishments existing in Puertego. However, despite the restrictions on gambling imposed by the government gambling as a past time has been deeply ingrained in Puertegan culture with men who refuse to take part in gambling often being labeled as unmasculine or cowards with a fear of any risks causing illegal gambling to be a large black-market sector in Puertego with the police force often being paid bribes to look the other way on it. Common forms of illegal gambling in Puertego include cockfights | The gambling industry in Puertego was originally outlawed in by the 2002 Moral Standards Act which outlawed all unauthorized forms of gambling and provided for penalties ranging from monetary fines to short prison sentences, although the Puertegan government does not list gambling as an offense which someone is able to go to prison over. However, while gambling is still officially illegal in Puertego the law only applies to Puertegan citizens allowing many casinos to operate inside Puertego's borders designed to cater to the interests of tourists with 22 such establishments existing in Puertego. However, despite the restrictions on gambling imposed by the government gambling as a past time has been deeply ingrained in Puertegan culture with men who refuse to take part in gambling often being labeled as unmasculine or cowards with a fear of any risks causing illegal gambling to be a large black-market sector in Puertego with the police force often being paid bribes to look the other way on it. Common forms of illegal gambling in Puertego include cockfights/dogfights, card rooms, and sports books with most of those run by organized crime, the large number of opportunities for gambling plus many Puertegan men feeling they need to gamble due to cultural expectations has led to widespread gambling addiction plaguing Puertego. | ||
== Trade & Foreign investment == | == Trade & Foreign investment == | ||
=== Foreign Trade === | === Foreign Trade === | ||
Foreign trade in Puertego is largely export oriented with the government routinely trying to increase the ratio of exports to imports in the country with the current rate being around 12 exported products for every imported product. The government runs a large trade surplus due to multiple companies outsourcing production to Puertego and the government selling off the minerals and agriculture products from their state run industries. The government has also given companies export subsidies in an attempt to further spur economic growth. | |||
=== Free Trade === | === Free Trade === | ||
In Puertego universal free trade was adopted shortly after President Torres came into power with the government eliminating all import or export tariffs in the country with. | |||
=== Foreign Debt, Aid, and Investment === | === Foreign Debt, Aid, and Investment === | ||