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Economy of Pelaxia: Difference between revisions
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In Pelaxia, the large majority of farms are in western Pelaxia. Agricultural goods represent 12% of all palmerian exports. thumb|right|Coffee plantation During the 2010’s, the Madinos administration implemented a set of policies that addressed food security on federal, state and municipal levels, the aim of which was to increase federal government support to collective farms. These policies were deepened during the Meireles administration and consolidated after the Pelaxian Revolution in 2025. In 2026, the Secretary of Social Agrarian Development (SSAD) was created to support cooperative farms and promote land reform and sustainable land development. A host of government policies and government-supported programs in the interest of cooperative farmers then emerged, where the cooperative farm is recognized as a pillar of national development. Since then, the SSAD along with other institutions were created with the cooperative farmers and other traditional communities' interests in mind where policies targeting cooperative farmers were designed to introduce market incentives, promote adequate food distribution and provide technical assistance. The principal agricultural products of Pelaxia are cattle, coffee, cotton, corn, rice, soy, wheat, sugarcane, tobacco, beans, floriculture and fruit. | In Pelaxia, the large majority of farms are in western Pelaxia. Agricultural goods represent 12% of all palmerian exports. thumb|right|Coffee plantation During the 2010’s, the Madinos administration implemented a set of policies that addressed food security on federal, state and municipal levels, the aim of which was to increase federal government support to collective farms. These policies were deepened during the Meireles administration and consolidated after the Pelaxian Revolution in 2025. In 2026, the Secretary of Social Agrarian Development (SSAD) was created to support cooperative farms and promote land reform and sustainable land development. A host of government policies and government-supported programs in the interest of cooperative farmers then emerged, where the cooperative farm is recognized as a pillar of national development. Since then, the SSAD along with other institutions were created with the cooperative farmers and other traditional communities' interests in mind where policies targeting cooperative farmers were designed to introduce market incentives, promote adequate food distribution and provide technical assistance. The principal agricultural products of Pelaxia are cattle, coffee, cotton, corn, rice, soy, wheat, sugarcane, tobacco, beans, floriculture and fruit. | ||
====Oil==== | ====Oil==== | ||
Since the discovery of Kindred Sea oil in Pelaxian waters during the early 1990’s, exports of oil and gas have become very important elements of the economy of Pelaxia. With oil production peaking, disagreements over exploration for oil in the Kindred Sea, the prospect of exploration in the main land, as well as growing international concern over global warming, energy in Pelaxia is currently receiving close attention | Since the discovery of Kindred Sea oil in Pelaxian waters during the early 1990’s, exports of oil and gas have become very important elements of the economy of Pelaxia. With oil production peaking, disagreements over exploration for oil in the Kindred Sea, the prospect of exploration in the main land, as well as growing international concern over global warming, energy in Pelaxia is currently receiving close attention. This abundant amount of natural resources within Pelaxia, has given the country lucrative revenue. Crude oil and natural gas accounted for 20% of the country's total export value in 2027. As a share of GDP, the export of oil and natural gas is approximately 11%. As a means to ensure security and mitigate the fluctuations in the price of oil, the Pelaxian government funnels a portion of this export revenue into a pension fund, the Pelaxian Investment Management Fund (PIMF). The Pelaxian government receives these funds from their market shares within oil industries, such as their two-thirds share of PETROPEL, and allocates it through their government controlled domestic economy. This combination allows the government to distribute the natural resource wealth into welfare investments for the mainland. Tying this fiscal policy to the oil market for equity concerns creates a cost-benefit economic solution towards a public access good problem in which a select few are able to reap the direct benefits of a public good. Domestically, Pelaxia has addressed the complications that occur with oil industry markets in protecting the mainland economy and government intervention in distributing its revenue to combat balance-of-payment shocks and to address energy security. | ||
====Energy==== | ====Energy==== | ||
As of 2027, the production share of fossil energy is around 35% while renewable energy is 65%. The electricity sector in Pelaxia relies predominantly on hydroelectricity from rivers and tidal movements. A significant share of the total electrical production is consumed by national industry. | As of 2027, the production share of fossil energy is around 35% while renewable energy is 65%. The electricity sector in Pelaxia relies predominantly on hydroelectricity from rivers and tidal movements. A significant share of the total electrical production is consumed by national industry. | ||
===Secondary=== | ===Secondary=== | ||
Most large industry is concentrated in the center and coastal areas of Pelaxia. The manufacturing industry is a significant employer of about 22% of the labour force. | Most large industry is concentrated in the center and coastal areas of Pelaxia. The manufacturing industry is a significant employer of about 22% of the labour force. | ||
====Electronics==== | ====Electronics==== | ||
The Pelaxian electronics and electrotechnics industry relies on heavy investment in R&D. | The Pelaxian electronics and electrotechnics industry relies on heavy investment in R&D. | ||