Kohatu Isles: Difference between revisions
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== Economy ==
The economy of the Kohatu Isles was dominated by the corporate interests and political allies of the Diamond Authority that once ruled the islands. Competition was stifled and large monopolies rested in the hands of the political elite. This presented issues when the country was liberated from the Diamond Authority because many critical sectors were under the control of their cronies and families.
The Kōhatuan and Oan governments are working together to bring these companies under the control of the new democratic government. Moreover, the rule of the Diamond Authority brought corruption and many people occupy positions for which they are not qualified. As part of the reforms, skilled technicians and professionals from the Oan Isles were brought in to provide training, expel incompetent and illegally appointed officials, cut wasteful expenditure and terminate unethically appointed and useless suppliers.
=== Sectors and history ===
The Kōhatuan economy was heavily dependent on mineral resources like precious stones. Unfortunately precious stone prices were volatile. When prices were low, the economy suffered significantly.
The island had proven oil reserves but could not attract financial capital to explore, extract and refine them. That changed when the islands were liberated and the Oan Isles played a greater role in Kōhatuan political and economic life. Through a joint venture with East Malaysia, the Kohatu Isles were able to acquire the technology, personnel and infrastructure to use its oil reserves.
The booming oil sector has lifted many people from poverty and alleviated unemployment through the thousands of new jobs created. The Oan and Kōhatuan governments set up the Kohatu Sovereign Wealth Fund which would take over the Oan portion of the joint oil venture with East Malaysia. The financial rewards would allow the islands to further develop.
Already, the construction sector is booming as the demand for housing and services in the cities increases. With the significant increase in savings, the government maintains large surpluses which it re-invests in the country especially in water, electricity, sanitation, housing, and transport. The results of this economic activity are apparent in the increase of tourists especially businesspeople, professionals and academics from Polynesia who come to enjoy newly opened amusement parks, resorts and hotels and other attractions.
=== Trade and transport ===
The primary trade partners of the Kohatu Isles are other nations in the Polynesian Union. There is open travel, trade and financial capital movement between them. Because the Oan Isles is a member of the UNAC as well, this indirectly allows Kōhatuan citizens and businesses to access opportunities in mainland Aurora as well.
Because the islands are surrounded by ocean, air and sea travel are the only ways to reach them. As such the state invested heavily in ports and airports. The largest airport in the country is the Malachite International Airport. The largest passenger and cargo carrier is the Kohatu Airlines. The largest port is the Port of Malachite City, which is being developed into a deep sea port so it can receive larger ships.
== Demographics ==
== Culture ==
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