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Alstin: Difference between revisions
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''Main Article: [[Economy of Alstin]]'' | ''Main Article: [[Economy of Alstin]]'' | ||
===Overview=== | |||
The United Republic has a capitalist mixed economy, which is fueled by abundant natural resources and high productivity. With a nominal GDP of $5.53 trillion, the private sector is estimated to constitute 76% of the economy, with federal government activity accounting for 9.8% and provincial and local activity (including federal transfers) the remaining 14.2%. Unemployment is at 2.78%, in spite of the amount of employment regulations throughout the country. | The United Republic has a capitalist mixed economy, which is fueled by abundant natural resources and high productivity. With a nominal GDP of $5.53 trillion, the private sector is estimated to constitute 76% of the economy, with federal government activity accounting for 9.8% and provincial and local activity (including federal transfers) the remaining 14.2%. Unemployment is at 2.78%, in spite of the amount of employment regulations throughout the country. | ||
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Information technology is currently the nation's largest industry, followed by tourism, arms manufacturing, and book publishing. Mining, agriculture, and other facets of the manufacturing sector are other important drivers of the Alstinian economy. | Information technology is currently the nation's largest industry, followed by tourism, arms manufacturing, and book publishing. Mining, agriculture, and other facets of the manufacturing sector are other important drivers of the Alstinian economy. | ||
===Science and Technology=== | |||
The United Republic has been a leader in technological innovation since the early 19th century and scientific research since the early-20th century. Methods for producing interchangeable parts were developed by the U.R. Ministry of Defense by the Republic Armories during the first half of the 19th century. This technology, along with the establishment of a machine tool industry, enabled Alstin to have large-scale manufacturing of sewing machines, bicycles, and other items in the late 19th century and became known as the Alstinian system of manufacturing. Factory electrification in the early 20th century and introduction of the assembly line and other labor-saving techniques created the system of mass production. In the 21st century, approximately two-thirds of research and development funding comes from the private sector. Alstin leads the world in scientific research papers and impact factor. | |||
Alstinian scientists and engineers have contributed to the advancement of agricultural sciences, electronics, industrial robotics, optics, chemicals, semiconductors, life sciences and various fields of engineering. Additionally, Alstin leads the world in robotics production and use, possessing more than 20% of the world's industrial robots as of 2011. | |||
Events leading-up to and during the Great War led many Levantine scientists to immigrate to the United Republic. This resulted in the development of the Alstinian nuclear program by the mid-1950s under what is now the United Republic Atomic Energy Commission (URAEC), as well as the establishment of the United Republic Space Agency (URSA), which produced rapid advances in rocketry, materials science, and aeronautics. | |||
The invention of the transistor in the 1950s, a key active component in practically all modern electronics, led to many technological developments and a significant expansion of the Alstinian technology industry. This, in turn, led to the establishment of many new technology companies and regions around the country, most notably Silicon Bay in Mardünke. Advancements by Alstinian microprocessor companies along with both computer software and hardware companies, helped to create and popularize the personal computer. | |||
==Demographics== | ==Demographics== | ||