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Economy of Arcerion: Difference between revisions
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Arcerion's economy is strongly intertwined with other South Cronan nations such as [[Istrenya]], [[Kelekona]], [[Titechaxha]], [[Malentina]], and [[Washakara]]. Arcerion's largest mainland Cronan trading partner is [[Paulastra]], closely followed by the [[Alstin|United Republic of Alstin]]. Arcerion is part of a number of significant trade deals and international trade agreements, notably with the [[Stenza|Republic of Stenza]] and Arcerion's most historically important trading partner, the [[Burgundie|The Grand Thalattocratic Republican Principality of Burgundie and her Commonwealth]]. As part of the [[Cronan Security and Trade Union]] (CSTU), which itself was born out of the failed attempt to form a South Cronan Congress, Arcerion has favourable trade agreements and limited free trade with Alstin and Paulastra. Plans exist for a revised and updated version of the CSTU, which may include other Cronan partners such as [[Ceylonia]] and [[Tierrador]]. | Arcerion's economy is strongly intertwined with other South Cronan nations such as [[Istrenya]], [[Kelekona]], [[Titechaxha]], [[Malentina]], and [[Washakara]]. Arcerion's largest mainland Cronan trading partner is [[Paulastra]], closely followed by the [[Alstin|United Republic of Alstin]]. Arcerion is part of a number of significant trade deals and international trade agreements, notably with the [[Stenza|Republic of Stenza]] and Arcerion's most historically important trading partner, the [[Burgundie|The Grand Thalattocratic Republican Principality of Burgundie and her Commonwealth]]. As part of the [[Cronan Security and Trade Union]] (CSTU), which itself was born out of the failed attempt to form a South Cronan Congress, Arcerion has favourable trade agreements and limited free trade with Alstin and Paulastra. Plans exist for a revised and updated version of the CSTU, which may include other Cronan partners such as [[Ceylonia]] and [[Tierrador]]. | ||
== Overview == | == Overview == | ||
[[File:South Crona GDP.png|thumb|Combined GDP Analysis Graph of South Crona.]] | [[File:South Crona GDP.png|thumb|Combined GDP Analysis Graph of South Crona.]] | ||
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Arcerion's largest Cronan export markets are Kelekona, Istrenya, Titechaxha, Paulastra, and Malentina. Internationally, Burgundie, Stenza, and Alstin remain its principal foreign trade partners, with increased trade from Urcea and Kiravia expected to play a larger role in the Arcer economy by the 2040s. | Arcerion's largest Cronan export markets are Kelekona, Istrenya, Titechaxha, Paulastra, and Malentina. Internationally, Burgundie, Stenza, and Alstin remain its principal foreign trade partners, with increased trade from Urcea and Kiravia expected to play a larger role in the Arcer economy by the 2040s. | ||
=== Governorate Disparity === | === Governorate Disparity === | ||
Beginning in the 1980s, the traditional makeup of the Arcer economy began to change significantly. Moorden, with its plentiful metal extraction sites, steel factories, and financial institutions had always been the leading Governorate in Arcerion. Closely following this was Northlea Governorate, due to the large agricultural exports. Foxhey, Norham, and Howland Governorate all generally shared the last third of the country's gross domestic product and national economic output due to economies that largely could not compete with the existing duality between Moorden and Northlea. However the 1980s Albion Sea Gas boom shifted this balance significantly, and Howland quickly became an equal to Northlea due to its liquid natural gas and undersea crude oil extraction. | |||
[[Category: Arcerion]] | [[Category: Arcerion]] | ||
[[Category: Economy]] | [[Category: Economy]] | ||
In doing so, the traditional balance was disturbed as Arcerion's natural gas and oil refinement industry skyrocketed, propelling its late-20th century growth far and above those of its neighbours. Disparity has been matched however with 'Equalization Payments,' a process by which the federal gvoernment takes budgetary surplus and economic profits through corproate taxation of other governorates, and if ratified, applies them to the budget of another governorate. In this instance, the oil and gas companies of Howland, in the Arctic, are able to help fund and support new infrastructure for Foxhey, as with the repairs and reconstruction efforts after the 2008 Telekonese Conflict. In doing so, the Confederate Parliament must have its proposed redistribution approved by the Governorate it is requesting to reallocate funds from, as Arcerion is a Confederacy of provinces, rather than a federally-directed state. | |||
Foxhey has seen some improvement in its economy as its shipbuilding industry has continued to support maritime commerce in the Malentine Sea by offering cost effective merchant vessels for local Indigenous nations. Similarly, its naval warship facilities have been modernized and it has worked with Burgundie to begin manufacturing small sub-capital naval warships. In Norham, the port of Dunborough has seen a major economic boom in the 2020s with an increase in river traffic and the creation of the Cronan Security and Trade Union, meaning it now is the main rail hub and port-of-entry for a significant amount of goods from Alstin's mainland Cronan possessions. | |||