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Economy of the UNAC: Difference between revisions
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[[Category:UNAC]]
{{Infobox economy|continent=the [[United Nations of the Auroran Continent]]|labour=TBD|country=|imports=TBD|debt=TBD|reserves=TBD|FDI=TBD|export-partners=[[Peregrinia]], [[Packilvania]], [[Volkia]], [[League of Novaris]], [[UCA]] and [[South Hills|United Confederation of Concordian States]]|export-goods=Automobiles, integrated circuits, electronics, space vehicles, precision instruments, software, aerospace, armaments, watches, fossile fuel, copper, ferrous metals, cereals, meat|exports=TBD|hdi=TBD|unemployment=TBD|currency={{unbulleted list|[[Kirib]]|Asilican mark|Andorinhean escudo|K'undzetian provisional mark}}|bankrate=1% ([[Auroran Central Bank]])|inflation=TBD|poverty=TBD|gdp rank=1|growth=TBD|gdp=34,809,549,137,899 KRB|per capita=32,675 KRB|organs=[[United Nations of the Auroran Continent]]|year=2021|population=1,065,342,721|group={{unbulleted list|[[The Andorinhões|Andorinhões]]|[[Asilica]]|[[Axdel]]|[[Blueacia]]|[[Dragonia]] |[[Drakaland]] |[[Faethalria]] |[[Emberwood Coast]]|[[Great Morstaybishlia]]|[[K'undzeti]] |[[Nolova]] |[[North Ethalrian Confederacy|North Ethalria]] |[[The Oan Isles|Oan Isles]] |[[Oceansend]] |[[Oscrelia]] |[[Sarentria]] |[[Tivot]] |[[Tuvaltastan]] |[[Valerica]] |[[Yor]]}}|import-partners=[[Peregrinia]], [[Packilvania]], [[Volkia]], [[League of Novaris]], [[UCA]] and [[South Hills|United Confederation of Concordian States]]|image=UNACflag.jpg|import-goods=Industrial machinery, robotics, cement and construction sand, fruits, luxury goods, automobiles, electronics, military hardware, aerospace, consumer goods, textiles|industries=Financial services, information technology, telecommunications, aerospace, defence, tourism, shipping and logistics, real estate, retail, professional services, automobile manufacturing}}
The '''economy of the [[United Nations of the Auroran Continent]]''' ('''UNAC''') is the largest customs and free trade area on [[Urth]]. As of 22 March 2022, the economy of the UNAC comprises 20 sovereign nation-states. 19 of the member states of the UNAC are upper income nations while 1 is an upper middle income nation. 17 out of 20 member states of the UNAC including one other non-UNAC nation (i.e., [[Biramura]]) are members of the [[Auroran Central Bank|Kirib Monetary Union]] (Kiribzone) using the [[kirib]] as their sole legal tender.
== Legal framework ==
{{Main|Auroran law}}
The laws of the UNAC govern the economy of the UNAC. The power to make laws which control the economy of the UNAC are shared by the UNAC and the member states. The [[Commission of the UNAC]] proposes and executes legislation while the [[Auroran Parliament]] and the [[Council of the UNAC]] discuss and approve legislative proposals. The Council of the UNAC can pass temporary or extraordinary acts which can circumvent existing laws which govern the UNAC economy. The treaties of the UNAC namely the Charter of the UNAC are the highest laws and they guarantee free trade, travel and movement of capital and create systems and structures for the coordination of economic, trade and fiscal policy among UNAC member states. Member states of the UNAC vary widely in their ideological stances but they all share some form of mixed socialist-capitalist economics.
==Currency==
{{Main|Kirib}}
The [[Kirib]] is the legal tender of all the member states of the UNAC except for [[The Andorinhões]] (which uses the Andorinhean escudo), [[Xiopothos]] (which used the Xiopothos dollar), Asilica (which uses the Asilica mark) and [[K'undzeti]] which is transitioning from the Provisional Mark - a currency pegged to the Vistari Gildemark. Once that transition is complete, 18 out of 22 of the member states of the UNAC will use the kirib as their sole legal tender. The [[Auroran Central Bank]] (ACB) is the central bank of the Kiribzone. It is formally outside and independent of the UNAC. However, because most of the member states of the ACB are also members of the UNAC, the monetary policy of the ACB serves the interests of the UNAC economies. The Kirib the largest reserve currency in the world and it serves as the primary medium of exchange of the [[International Banking Exchange Cooperative]]. Thus, this gives the UNAC significant clout over the international financial system. The Kirib trades at 1 to 1 parity with the [[South Hills|SHD]]. The Kirib is a free floating currency known for its remarkable stability and confidence. The countries with the largest reserves of Kiribs outside the UNAC are the [[South Hills|United Confederation of Concordian States]] (UCCS), [[Packilvania]] and [[Peregrinia]].
==Trade==
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==Labour==
The UNAC also comprises a single travel area. Holders of UNAC passports get a visa on arrival upon entry into a UNAC member states. Citizens of UNAC member states face fewer barriers to living, working and studying in the UNAC than citizens from other nations. Island nations are allowed to restrict the number of people that they allow to live and work in within their borders to prevent overpopulation. These exemptions apply to [[the Oan Isles]], [[Yor]],
== Finances ==
Each member state is responsible for setting and collecting taxes within its borders. Secondly, each member state is responsible for developing and implementing a budget. Nevertheless, each member state makes contributions to the UNAC to support its internal operations as well as assist other member states. The [[Auroran Monetary Fund]] is an organisation of the UNAC that is responsible for ensuring balance of payments stability and promoting economic growth. The Auroran Monetary Fund loans funds to member states of the UNAC to help them meet their balance of payments obligations and to build infrastructure. Seated in the Oan Isles and originally conceived by [[Foreign relations of the Oan Isles|Oan Foreign Minister]], [[Arana Marama]], it has assisted nations such as [[Asilica]] during the [[2021 City of Asilica Terrorist Attack]] by making 40 billion KRB worth of funds available to the Asilica government to rebuild its economy.
== Sectors ==
=== Primary sector ===
Great Morstaybishlia is the biggest producer of food in the world. It the biggest producer of products such as tea and wine from the [[Hobstiberry]] plant. [[Tivot]] is a leading nation in food related research due to the highly food technology sector which has made advancements in genetically modified food and laboratory grown food products. North Ethalria is an exporter of dairy and milk products.
The UNAC contains several substantial deposits of fossile fuels in Great Morstaybishlia with smaller deposits in The Oan Isles (in [[Kohatu Isles]] jointly administered with [[Royal Caven Petroleum]] from [[Peregrinia]]) and Kundzeti (controlled by Peperan Petroleum of [[INTCO]]). Major petroleum, natural gas and coal producers include [[Embask]]. The continent also produces gemstones. Major producers include [[Rosalica|Rosalica]]. The continent has rich ferrous metals deposits. [[Vendaz]] is a vertically integrated steel manufacturing and mining company that is among the largest providers of steel products on the continent. [[North Ethalrian Confederacy|North Ethalria]] (specifically [[Vothetria]]) is a major exporter of copper, coal, iron and nickel. K'undzeti is an exporter of quarried stone (namely granite, ryolite and pumice), construction sand and cement.
The UNAC produces timber due to its abundance of natural forests. Major producers of timber include MBE (namely birch and aspen), The Oan Isles (namely teak and mahogany), and [[Sarentria]] (namely pine and oak). Asilica is a leading producer of raw cannibis. K'undzeti is an exporter of tree rubber (due to the abundance of the [[Wikipedia:Hevea brasiliensis|Pará rubber tree]]).
=== Secondary sector ===
The UNAC has the biggest electronics manufacturing sector in the world. Through the Oan Isles, the UNAC is the largest producer of integrated circuits and semiconductor wafers in the world (mainly due to [[Metatron Corporation]]). Through [[Emberwood Coast]], it is a leader in nanotechnology, and precision lasers. Through [[Great Morstaybishlia]], the continent is a leading producer of consumer electronics (especially as it is the home of [[Damehowe]] and [[Primrose]]), office machines and data processing equipment, power-generating machinery, organic chemicals, and precision instruments. [[Axdel]] is a leading producer of lithography equipment used in the manufacture of microchips. [[Asilica]] is a leading producer of wristwatches (as the home to [[Janus]] one of the largest producers of luxury wristwatches in the world).
The UNAC competes globally in car manufacturing. Great Morstaybishlia is home to world-renowned car manufacturers such as [[Royal Redrugus]] and the [[Audelli Group]]. [[Velox Motors]] from [[Volkia]] has its Auroran motor vehicle assembly site in the Oan Isles. Emberwood Coast is a leading aerospace manufacturing hub namely in the production of space vehicles.
The UNAC is a significant producer of armaments. [[KAE Systems plc]], a arms manufacturing firm from [[Kuthernburg]] owns a shipbuilding subsidiary in the Oan Isles. Major indigenous producers of military hardware include [[Trech]], [[Ferrus Industries]] (from MBE), [[Oan Arms]] (from the Oan Isles), Tuvalt Aerospace Organisation (from [[Tuvaltastan]]), National Ballistic and Sentinel Arms (from [[Axdel]]).
[[Dragonia]], led by its leading renewable energy company Solar Winds, produces solar photovoltaic panels and toughened glass for solar panels, rotors and hubs for wind turbines, hydrogen sulphide abatement systems for geothermal power and turbines for tidal energy systems.
Although small, the manufacture of garments and textiles is robust and major producers include [[Rosalica]] and MBE. Asilica is a leading producer of pharmaceuticals and recreational drugs (to the chagrin of UNAC authorities).
=== Tertiary sector ===
The UNAC has the largest financial services sector in the world. [[Tarov]], [[Aura]] and [[Sani Bursil]] are among the [[International Financial Centres Index|largest financial services centres in the world]]. Major financial services providers including globally [[Systemically important financial institution|systemically important financial institutions]] such as [[Vocher Cada]] and [[Golding Smithant]] (among the largest banks in the world by assets managed), [[Standard National Bank]], and Labia Turtle Bank. Through the development of complex base erosion and profit shifting tools collectively known as the [[Tivot Sandwich]], [[Tivot]] is the largest and most sophisticated offshore financial centre in the world. Other major offshore financial centres include [[Blueacia]], [[Asilica]], [[Oceansend]], and [[Emberwood Coast]]. The UNAC has a massive professional services sector which includes large networks such as [[Ita Marama]]. The property development and realty sector is enormous with major players including [[Cava Aura Worldwide|Cava Aura]].
The UNAC is also one of the most important information and communication technology centres in the world. It is the location of the two of the largest internet service providers and software development companies in the world: [[Damehowe]] and [[Primrose]]. Other major ICT companies include [[Cafe Net]] (software and ISP), [[Peepl]] (social media), [[Morst Farming Nexus]] (agri-networking) and [[Café Pay]] (mobile and online payments). [[Fort Staynes]], [[Fort Jubrayn]] and [[Tokapa]] are among the leading ICT hubs in the continent. Telecommunications providers include Vothetrian Telecom, Morstaybishlian Cable Company. In MBE, [[Valeria]] is a destination for microchip backend services.
The UNAC is one of the most visited areas in the world. Due to its historic monuments vibrant and diverse cultures, accessibility and international connectivity, and iconic natural landscapes, the UNAC attracts millions of tourists every year. Furthermore, free travel arrangements among member states have encouraged intra-UNAC travel such that tourists from UNAC member states are the largest group of tourists. [[Sani Bursil]] is the most visited city on the planet. As the origin of [[Thaerism]], Great Morstaybishlia is among the biggest nations for religious tourism (in the form of pilgrimage to religious landmarks such as Syllester Abbey, attendance of religious festivals etc.) on the planet. Blueacia is the leading provider of oceanliner services on the continent as well as being the home of the [[Blue Ocean Cruises]]. Kuthern company [[JV Marine World Parks & Entertainment]] constructed and manages a massive water park and resort in [[Anapa]], the Oan Isles. [[Asilica]] and [[Blueacia]] are major gambling centres. Asilica is the locus of the sex work industry in the UNAC. Through an abundance of shopping centres and e-commerce, the UNAC has a large retail sector which includes [[Dyche]].
== Infrastructure ==
=== Transport ===
LOOP is a hyperlink train line that connects the continental mainland. The Aurostar is a standard gauge passenger railway services that connects the continental mainland. The [[Four Year Infrastructure Investment Initiative]] is a program of Great Morstaybishlia and the Oan Isles to develop telecommunications, renewable energy and transport infrastructure in the Auroran West Pacific.
The UNAC is serviced by a diverse and robust airline industry. Major airlines include [[Royal Blue Air]], [[Oan Airways]], Morstaybishlian Air, Jubrayn Air and Limhaye Travel.
The UNAC also benefits from large navigable inland waterways. This includes the Ider River which serves [[North Ethalrian Confederacy|North Ethalria]] and [[Kaltariezh]], Jubliak and Anker Rivers which serve [[Staynes]].
The UNAC is serviced by an abundance of international airports such as Tokapa International Airport, Karinthus International Airport.
The UNAC is a hub for international shipping and trade. [[Tauranga a te Toka]] (the continent's largest [[Pacific Ocean]] Port), [[Rouanezkador]] and Tarov (the largest [[Morstaybishlian Sea]] ports) and Aura (the largest [[Packilvanian Ocean]] Port) are the leading ports in the continent.
The UNAC has a spaceport on [[Rosamund Island]].
==Science and technology==
UNAC is a hub for scientific research and development. Located in Ribenstadt [[Faethalria]], the [[Auroran Science and Technology Research Agency]] (ASTRA) is a the leading agency for joint research programs. It operates a rocket and space vehicle launch site on Rosamund Island. In [[Axdel]], it is working on developing nuclear fusion technology at the Soltan International Thermonuclear Experiment which has the potential to revolutionise zero-carbon emissions power for the continent and the world at large.
The [[ECSEA|Emberwood Coast Space Exploration Agency]] produces and conducts research in space vehicles. This includes the [[ESV Endeavor]]. [[Dragonia]] is a leading centre for research into renewable energy technology namely tidal, wind, geothermal and solar.
== Statistics ==
{| class="wikitable sortable"
!Country
!GDP (KRB)
!GDP per capita (KRB)
!Population
!HDI
!Gini
!Economic growth (%)
!Unemployment (%)
!CPI Inflation (%)
!Imports (KRB)
!Exports (KRB)
|-
|[[File:Flag of the Constitutional State of the Andorinhões.svg|frameless|25x25px]] [[The Andorinhões|Andorinhões]]
|16,850,000,000
|12,731
|1,323,529
|
|
|
|
|
|
|
|-
|[[File:Asilica flag.png|frameless|25x25px]] [[Asilica]]
|595,000,000,000
|41,022
|14,504,299
|
|
|
|
|
|
|
|-
|[[File:Axdel Flag.png|frameless|25x25px]] [[Axdel]]
|4,122,779,955,487
|32,724
|125,985,309
|0.909
|28.1
|
|
|
|
|
|-
|[[File:Yellow Lily Flag 5.png|alt=|frameless|25x25px]] [[Blueacia]]
|15,312,380,400
|176,850
|86,584
|
|
|
|
|
|
|
|-
|[[File:Flag of Dragonia.jpg|frameless|25x25px]] [[Dragonia]]
|784,900,000,000
|40,236
|19,507,200
|
|
|
|
|
|
|
|-
|[[File:Drakaland.png|frameless|25x25px]] [[Drakaland]]
|342,263,869,500
|27,250
|12,560,142
|
|
|
|
|
|
|
|-
|[[File:EmberwoodCoastFlag.jpg|frameless|25x25px]] [[Emberwood Coast]]
|3,665,125,000,000
|56,574
|64,785,000
|0.877
|19.8
|
|
|
|
|
|-
|[[File:Faethalria.png|frameless|25x25px]] [[Faethalria]]
|1,046,704,978,242
|21,906
|47,781,657
|
|
|
|
|
|
|
|-
|[[File:New MBE Flag.png|frameless|25x25px]] [[Great Morstaybishlia]]
|13,767,275,063,374
|30,334
|453,859,472
|0.942
|36.0
|
|
|
|
|
|-
|[[File:K'undzeti Flag.png|frameless|25x25px]] [[K'undzeti]]
|19,700,409,240
|8,145
|2,418,712
|0.682
|34.8
|2.93%
|5.86%
|3.89%
|
|
|-
|[[File:Nolovaflag.png|frameless|25x25px]] [[Nolova]]
|100,651,757,349
|28,853
|3,488,433
|
|
|
|
|
|
|
|-
|[[File:Future Ethalrian Flag.png|frameless|25x25px]] [[North Ethalrian Confederacy|North Ethalria]]
|1,271,528,123,742
|16,969
|74,931,657
|
|
|
|
|
|
|
|-
|[[File:Flag of the Oan Isles.png|frameless|25x25px]] [[The Oan Isles]]
|788,768,750,000
|42,350
|18,625,000
|0.901
|35.1
|4%
|2.5%
|2%
|
|
|-
|[[File:Flag of Oceansend.jpg|frameless|25x25px]] [[Oceansend]]
|5,424,000,000
|143,492
|37,800
|
|
|
|
|
|
|
|-
|[[File:Oscreliaflag.svg|frameless|25x25px]] [[Oscrelia]]
|1,600,000,000,000
|22,857
|70,000,000
|
|
|
|
|
|
|
|-
|[[File:Sarentria flag.png|frameless|25x25px]] [[Sarentria]]
|524,028,559,560
|19,752
|26,530,405
|
|
|
|
|
|
|
|-
|[[File:Tivotflag.png|frameless|25x25px]] [[Tivot]]
|1,128,493,867,250
|48,322
|23,353,625
|0.889
|25.1
|
|
|
|
|
|-
|[[File:Tuvaltflag.png|frameless|25x25px]] [[Tuvaltastan]]
|3,491,921,560,497
|54,728
|63,805,083
|0.802
|26.3
|
|
|
|
|
|-
|[[File:ValericaFlag1.jpg|frameless|25x25px]] [[Valerica]]
|595,000,000,000
|35,000
|17,000,000
|0.924
|36.0
|
|
|
|
|
|-
|[[File:Xiopothos Flag.png|frameless|25x25px]] [[Xiopothos]]
|1,300,000,000,000
|40,733
|31,915,220
|0.936
|33.6
|
|
|
|
|
|-
|[[File:York Flag.png|frameless|25x25px]] [[Yor|Yor Isles]]
|50,000,000,000
|18,017
|2,775,200
|???
|51.3
|
|
|
|
|
|}
| |||