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Kiravia: Difference between revisions
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==Economy== | ==Economy== | ||
[[File:ValēkaStzolnkEXXXchange.jpg|thumb|Valēka Stock Exchange, the largest securities exchange in the country]] | |||
Kiravia has a large, developed economy in gradual but steady transition from an export-oriented, {{wp|Developmental state|hard state-capitalist}} economic model toward a more 'mature' {{wp|ordoliberal}} market-driven one buoyed by burgeoning domestic consumption. It has the largest national economy in [[Kiroborea]], the third-largest by {{wp|nominal GDP}} in Ixnay, and the Xth largest by {{wp|GDP (PPP)}}. A major trading power, it is among the top importers ''and'' exporters, with the largest effective {{wp|merchant marine}}.<ref>If vessels flagged to both the Kiravian Federacy itself and its {{wp|associated state}} of [[Pribraltar]] are counted together.</ref> | |||
Although currently ranked as Ixnay's third largest economy by gross domestic product, Kiravia faces considerable challenges with regard to {{wp|Competition_(economics)#National_competition|global competitiveness}} in the postmodern world economy. In addition to [[Kiravia#Energy|energy insecurity]] and [[Kiravia#Regional_Disparities|uneven regional development]] as discussed below, [[Reserve Bank of Kirav]] identifies a comparatively small free trade area, lack of a competitive edge in the {{wp|culture industry}} and increasingly design-focused digital marketplace, relatively low intake of valuable foreign {{wp|knowledge workers}}, moderate {{wp|corruption}} and the influence of [[Organised crime in Kiravia|organised crime]], and a less-than-seamless domestic common market as major disadvantages vis-à-vis the near-peer [[Urcea#Economy_and_Infrastructure|Urcean]] and [[Economy of Caphiria|Caphirian economies]] and highly developed, innovation-heavy economies such as [[Economy of Burgundie|Burgundie]] and [[Alstin#Economy|Alstin]]. | |||
===Regional Disparities=== | ===Regional Disparities=== | ||