Cities of Kiravia: Difference between revisions

Due to changes in the economic environment and technology after liberalisation, Trár faced the challenge of transitioning from traditional heavy industry to a new economic base. This transition was difficult for the city, as it required significant changes to the local economy and workforce. Many workers who were trained in traditional manufacturing skills found it difficult to adapt to the new, more technologically advanced manufacturing processes, and the city experienced significant unemployment and population loss as displaced workers relocated to cities like Valēka with better job opportunities, leading to {{wp|urban decay}}, though the decline was not nearly as acute in Trár as it was in many inland industrial centres and smaller {{wp|monotown|monotowns}}. Local authorities have worked to encourage diversification of the economy and development of new industries, including technology and advanced manufacturing. The Trár-Tragen metropolitan area is the second-largest per-capita recipient of grant money from the federal [[Kiravian Development Executive|Structural Adjustment Funds]], much of which has been invested in education and training programs to help its workforce adapt to the changing economy and leave Trár better-equipped to weather economic downturns and changes in the global marketplace. Since the 2010s AD, Trár has experienced a pronounced economic upturn, due in large part to the relocation of some Valēka-based corporate headquarters to Trār's more affordable commercial real estate market and lower taxes.