67
edits
Almadaria: Difference between revisions
Jump to navigation
Jump to search
m
More organization of the economy section
m (Fixed unifinished sentences, little bit on FinServ) |
m (More organization of the economy section) |
||
| Line 273: | Line 273: | ||
=== Employment, Growth Rate, and Inflation === | === Employment, Growth Rate, and Inflation === | ||
The LFPR (labor force participation rate) since 2010 for Almadaria has hovered around 83.2%, or a labor pool of approximately 40,600,000, largely in part due to early employment (the average Almadarian typically acquires a job around age 16) and an abundant minimal-labor job market which suits itself for longer life and later retirement. Since the economic recovery from the 2018 recession, unemployment has maintained consistent around 11%, contributed to by expansive government-funded social networks, including healthcare. Inflation has historically been a problem of the Almadarian economy, afflicting the nation periodically in the 20th Century, but increased financialization and government regulation have minimized the variation in value of the [[Valverde]], limiting inflation by 3.55% every year. Growth in the public sector of the economy typically trails behind the normally-successful private sector, due to government focus and investment being prioritized there. | The LFPR (labor force participation rate) since 2010 for Almadaria has hovered around 83.2%, or a labor pool of approximately 40,600,000, largely in part due to early employment (the average Almadarian typically acquires a job around age 16) and an abundant minimal-labor job market which suits itself for longer life and later retirement. Since the economic recovery from the 2018 recession, unemployment has maintained consistent around 11%, contributed to by expansive government-funded social networks, including healthcare. Inflation has historically been a problem of the Almadarian economy, afflicting the nation periodically in the 20th Century, but increased financialization and government regulation have minimized the variation in value of the [[Valverde]], limiting inflation by 3.55% every year. Growth in the public sector of the economy typically trails behind the normally-successful private sector, due to government focus and investment being prioritized there. | ||
| Line 280: | Line 280: | ||
===Industries and Sectors=== | ===Industries and Sectors=== | ||
The services sector of the Almadarian economy is its strongest, led first and foremost by its financial services industry, as well as the telecommunications industry and information technology industry, followed closely by a mature retail industry and real estate market. Initially agricultural, Almadaria experienced a brief period of industrialization before rapidly financializing in the later period of the 20th Century. The core of the sudden shift towards financialization lies in the early origins of the Almadarian banking system in the ''Vagercatores'', or the Merchant Kingdoms, that emerged after the fall of the Caphirian Undecimvirate, with the first bank in Almadaria founded in Interumina in 1549. After the [[Second Great War]], the Edmundo Virgen Administration (1948-58) led the charge towards increased financialization of the economy in an attempt to sidestep increasing agricultural and mineral preponderance of Almadaria's neighbors and the developed and first-class manufacturing economies of the Burgoignac [[Equatorial Ostiecia]]. This way, necessary political and societal reforms that made up President Virgen's administrative platform could be funded without being dependent on mineral, energy, or up-till-then uncompetitive industries. It was during this time the CLN passed several banking secrecy laws in the 1950's, which began to attract futures contracts for the real mineral resources of Almadaria. The increased investment was then used to double down on financial infrastructure, beginning the so-called cycle of a 'runaway' financial economy while the government used the dividends for small, sophisticated projects. | The services sector of the Almadarian economy is its strongest, led first and foremost by its financial services industry, as well as the telecommunications industry and information technology industry, followed closely by a mature retail industry and real estate market. Initially agricultural, Almadaria experienced a brief period of industrialization before rapidly financializing in the later period of the 20th Century. The core of the sudden shift towards financialization lies in the early origins of the Almadarian banking system in the ''Vagercatores'', or the Merchant Kingdoms, that emerged after the fall of the Caphirian Undecimvirate, with the first bank in Almadaria founded in Interumina in 1549. After the [[Second Great War]], the Edmundo Virgen Administration (1948-58) led the charge towards increased financialization of the economy in an attempt to sidestep increasing agricultural and mineral preponderance of Almadaria's neighbors and the developed and first-class manufacturing economies of the Burgoignac [[Equatorial Ostiecia]]. This way, necessary political and societal reforms that made up President Virgen's administrative platform could be funded without being dependent on mineral, energy, or up-till-then uncompetitive industries. It was during this time the CLN passed several banking secrecy laws in the 1950's, which began to attract futures contracts for the real mineral resources of Almadaria. The increased investment was then used to double down on financial infrastructure, beginning the so-called cycle of a 'runaway' financial economy while the government used the dividends for small, sophisticated projects. | ||
==== Agriculture and Fishing ==== | |||
==== Mining ==== | |||
==== Energy ==== | |||
==== Manufacturing ==== | |||
==== Construction ==== | |||
==== Financial Services ==== | ==== Financial Services ==== | ||
The financial services economy collects the lion's share of domestic and foreign investment, growth, and policy focus. There are more than 411 distinct financial firms and cooperatives in Almadaria, from which come seven of the ten richest Almadarian citizens. The financial services come primarily in the form of banking in its commercial and investment forms, as well as financial exports, insurance, foreign exchange brokerage, as well as advising and analysis. [[Grupo Caballero]], an Almadarian firm worth 34.6 billion [[Universal Standard dollar|USD]], provides accounting services to international organizations such as the [[Vallosian Economic Association]]. | The financial services economy collects the lion's share of domestic and foreign investment, growth, and policy focus. There are more than 411 distinct financial firms and cooperatives in Almadaria, from which come seven of the ten richest Almadarian citizens. The financial services come primarily in the form of banking in its commercial and investment forms, as well as financial exports, insurance, foreign exchange brokerage, as well as advising and analysis. [[Grupo Caballero]], an Almadarian firm worth 34.6 billion [[Universal Standard dollar|USD]], provides accounting services to international organizations such as the [[Vallosian Economic Association]]. | ||
=== | |||
==== Telecommunications ==== | |||
=== | |||
==== Information Technology ==== | |||
=== | |||
==== Retail ==== | |||
=== | |||
==== Real Estate ==== | |||
=== | |||
==== Education ==== | |||
==== Research and Development ==== | |||
==== Public Sector ==== | |||
Transportation, public health and healthcare | |||
[[Category: Countries]] | [[Category: Countries]] | ||
[[Category: Vallos]] | [[Category: Vallos]] | ||
[[Category: IXWB]] | [[Category: IXWB]] | ||