Economy of Montesardo-East Adanzi

The Economy of Montesardo-East Adanzi is one of the largest economies of Borealia in terms of nominal GDP and counts with one of the highest per capita GDP region wide. The Montesardi economy dominates the continent of Foronna, surpassing the wealth of over five nations combined. The nation's Federal Bit has a volatile exchange rate system, but has remained very stable the past two decades, with its economy being measured in it.

The nation is reliant on the export of high-tech goods, national oil production and mining corporations, primarily the copper industry. While the state attempted to banned private enterprise in the Socialist Era (1973 to 1987), a considerable sum of the population still have stores and small businesses. The New Duntrot Reforms have restored almost all right of private enterprise that were previously banned to the public, but are subject to strict regulations excluding in the free trade zones.

Montesardo-East Adanzi is a large creditor nation with large corporate firms originating from the country investing all over Borealia. In 2015, the country was reported to possess over 45% of all financial assets in Northern Foronna and roughly 12% in all of Borealia.

History

1st Republic

The newly formed republic struggled to centralise an effective concentration of wealth with noticeable diversity among the provinces. The last decade of the 19th century brought foreigners into the nation alongside with immigration, an establishment of a large scale railroad system and the exploitation of the nation's resources. The wealth inequality and political corruption caused tensions within the population, with only few and counted individuals holding the majority of the national wealth. These social issues eventually led to the Violet Revolution that caused catastrophic harms to the national economy from 1928 to 1936.

Reformist Republic

Montesardi president Armand du Fillyponté took control of the weakened nation with its struggling and fragmented economy. In which, he placed forward a series of socio-economic plans that restructured the former labour background and followed a state capitalism formula that later helped the nation recover from the situation. Significant changes were made to the national structure, with the nationalisation of oil, mining and other companies also including following the ISI economic model. With such changes made and a more effective central government, the national economy managed to recover mostly by 1936 with the national GDP increasing and national productivity reaching new heights.

Socialist Era

The 1973 interim government put an immediate halt to the economic policies of the prior regime, establishing a complete transition of the national economic structure and policies. With little restrictions, corporations were literally free to do as they wished, excluding the companies that were state-owned, which had to follow certain regulations. The new government sought to restrict the control the booming Montesardi economy had, since its success was largely based on the little restrictions that the market had. The House of Commons with help of the Federal Council began a full scale nationalisation of the economy, attempting to buy out all the foreign companies and those that were owned by private investors.

However, the policy failed largely, due to the strength that the Montesardi corporations had regionally. Primarily, Ilirium was one of the key companies to put a halt to the nationalisation of foreign and national companies. The policy officially ended by the late 1980s, allowing private enterprises to immediately return to normal operations.

New Duntrot Reforms

Sectors

Agriculture

Agriculture historically wasn't significant to the Montesardi economy, but it's still regarded as an important sector. While the sector is regarded as small, it employs a significant part of the workforce which the government is looking to reduce by 2015 with modernisation subsidies.

The nation produces some agriculture products of Montesardo-East Adanzi including grapes, apples, pears, onions, wheat, corn, oats, olives, garlic, potatoes, wool, fish and timber. Most of the agricultural industry can be found in Nevarro or Valentia, due to their expansive size and relatively small amount of geological boundaries.

Industry

The liberation of the market benefited the Montesardi industry as a whole, having increased the sector's apportion to the GDP and obtaining 43% of the national exports. Among the most important products that Montesardi industry focuses on is in the automotive industry, exporting considerable amounts of automobiles in the Foronna region and abroad. The car companies, most notably Cilzant Motors and AUNA, have worked in advanced research fields, working on the design of parts, electronic components and some research fields for magically powered cars. The national automobile industry is largely dominated by these two companies, as other foreign vehicles are viewed with less confidence.

Other notable industry includes aeronautics, like Elian-Perconvik who produce aircraft for both the Montesardi and the North and Southern Fillicians, foreign beverage bottlers like Alitachi, and development into computer and software development. However, most fields of high-tech belong mostly to the Montesardi, with large numbers of foreign companies participating.

Services

As of 2014, the service sector of the economy provides 50.47% of the national GDP and employs at least 38% of the working population. The sector consists of transportation, commerce, warehousing, restaurant and hotels, arts and entertainment, health, education, financial and banking services, telecommunications also defence and administration services.

Financial & Banking

According to foreign reviews, the Montesardi banking is regarded as strong and stable, in the terms that all of the competing banks are well funded and count with considerable sums of capital. As of now, the banking services are regarded as largely dominated by national companies, most notably by BCMA Financial Group. Over the years, the influx of foreign companies into the nation have allowed a rapid recovery from the 2000 Federal Bit devaluation and brought more financial stability in turn. It can be said that the financial and banking areas of the economy are almost completely controlled by foreign hands.

Securities

Currently, the Trotskivna Stock Exchange is the only securities market available in mainland Montesardo-East Adanzi. Kaidenarusa has its own securities market located in Ponto Il Naithcia. Currently, Trotskivna is the largest market in all of Borealia, far surpassing its contenders around the region. The relative stability of the Montesardi market has allowed for increased growth of Montesardi financial assets around the region.

Montesardo-East Adanzi's stock exchange is closely linked to developments in the Lubyak, Charnea and South Fillicia. The volatility of those markets directly influence the performance of Montesardi equities. Despite this, should an economic crisis hit either nation, the impact is not as grave as it would be the other way around.

External trade and investment

Montesardo-East Adanzi historically dedicated itself to external trade and international shipping ranging from Foronna to Tolkoya. However, after its weakening by the mid 18th century and the formation of the united Montesardi nation, the Montesardi economy became a export-oriented one. The nation as a result has a large number of free trade agreements with numerous nations in Borealia. Petroleum is regarded as one of the nation's primary export including petroleum by-products, copper, electronics, aeronautics and automobiles

Currency

The Montesardi Federal Bit, more commonly known as the bit, is the official currency used in Montesardo-East Adanzi. The Central Bank of Montesardo-East Adanzi has worked closely with the government to protect the use of the Federal Bit against other currencies, primarily with the ISME tax (tax on foreign currency) upon exchanging to Bits. Even with such regulations against foreign currency, the nation follows a floating exchange rate regime on the currency due to the 2000 Economic Recession and the fall of value of the Bit. After the passing of the New Duntrot Reforms, the central bank was ordered not to interfere with the value of the Federal Bit against other currencies and instead to increase foreign reserves of mineral wealth.

Wealth and social economics

Main Indicators

Montesardo-East Adanzi's GDP in purchasing power was ฿ 139.84 Trillion FDB and 105.94 Trillion in nominal exchange rates. While not ranked by an official organisation, it is regarded as one of the fastest growing markets in Borealia. As of recent, the Montesardi nation was classified as a largely upper middle-class nation, with high standards of living regardless of the ever increasing salary differences.

The Federal Bit is the national currency. One bit is divided into 100 cents. After the 2000s Economic Crisis, the Montesardi bit has remained at a stable exchange rate, oscillating from ฿ 4.55 to ฿ 15.88 per NSD. Inflation is also considered to be very low, last reported to be 0.70% per year. Unemployment is considered to be low, but has increased in the years due to low demand of outdated occupations. Despite that, the government has managed to keep unemployment relatively low via constant training for the nation's workers.

Poverty

Poverty in Montesardo-East Adanzi is measured by nutrition, education, income after taxes, quality of nearby infrastructure, healthcare, security, shelter and services to basic services (such as electricity, water and telephone/internet access). There is only one category: extreme poverty.

v t e Nation/Montesardo-East Adanzi topics History Timeline City States Era Kingdom of Montesardo 1st Montesardi Republic Reformist Republic 2nd Montesardi Federal Republic By topic Economy Military Geography Provinces Cities and towns Climate Politics Constitution Elections Foreign relations Government Judiciary Law Civil Service Law enforcement Military Political parties Prime Minister of Montesardo-East Adanzi Economy Banking Central Bank Corruption Mining Petroleum industry Federal Bit Taxation Tourism Transport Society Demographics Montesardi citizens Education Culture Literature Public holidays Television Internet National anthem Coat of arms National flag Category