Packilvania: Difference between revisions
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There are some industries that the country is a leading producer of that it is not proud of. It is a leading producer of illegal intoxicating substances and counterfeit goods. The country is one of the last in history to ban bonded labour. Bonded Labour was a system whereby heavily indebted people could enter into contracts whereby their labour was exploited by the creditor. This policy was formalised by the [[Pax Drone|DRONE policy]] with a view to granting people some protections and enabling debt relief through bonded labour but the policy tarnished the country’s image and the government eventually disbanded the policy in the 2010s. |
There are some industries that the country is a leading producer of that it is not proud of. It is a leading producer of illegal intoxicating substances and counterfeit goods. The country is one of the last in history to ban bonded labour. Bonded Labour was a system whereby heavily indebted people could enter into contracts whereby their labour was exploited by the creditor. This policy was formalised by the [[Pax Drone|DRONE policy]] with a view to granting people some protections and enabling debt relief through bonded labour but the policy tarnished the country’s image and the government eventually disbanded the policy in the 2010s. |
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The country has produced some of the largest companies in the world. This is usually because industries are highly consolidated under a |
The country has produced some of the largest companies in the world. This is usually because industries are highly consolidated under a oligopoly. The largest four [[Banking in Packilvania|banks in the country]] are the [[Industrial and Commercial Bank of Packilvania]] (the largest bank in the world by total assets under management), [[Agricultural Bank of Packilvania]], the [[Export-Import Bank of Packilvania]] and the [[Packilvanian Development Bank]]. The country is also home to arguably the largest energy company in the world, the [[Packilvanian Coal and Gas Corporation]], and one of the largest engineering firms in the world, the [[Packilvanian Steel and Construction Corporation]]. Other than these predominantly state-owned entities, there are large private companies such as [[Chatter]] (one of the largest mobile communications companies), [[Buddy]] (one of the largest taxi hailing and food delivery applications), [[Debby]] (one of the largest mobile payment companies), [[Masul Pharmaceuticals]], [[Telesat|Telesat Telecommunications]], and [[Teigo|Teigo Business Management and Logistics]]. |
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The country's largest sources of imports and exports are the [[United Nations of the Auroran Continent]] (especially [[Great Morstaybishlia]]), [[League of Novaris]], [[Union of Commonwealth Alliances]], [[Peregrinia]], [[Vekaiyu]] and [[Volkia]]. Packilvania imports a lot of manufactured goods from foreign nations especially high-end luxury goods, foodstuffs, automobiles, aircraft, semi-conductors and scientific equipment, refrigeration equipment, chemicals and medical equipment. The country maintains trade agreements such as the [[Commercial Cooperation Partnership]] with the League of Novaris and the [[Pax-UCA Trade Partnership]] with some members of the Union of Commonwealth Alliances. |
The country's largest sources of imports and exports are the [[United Nations of the Auroran Continent]] (especially [[Great Morstaybishlia]]), [[League of Novaris]], [[Union of Commonwealth Alliances]], [[Peregrinia]], [[Vekaiyu]] and [[Volkia]]. Packilvania imports a lot of manufactured goods from foreign nations especially high-end luxury goods, foodstuffs, automobiles, aircraft, semi-conductors and scientific equipment, refrigeration equipment, chemicals and medical equipment. The country maintains trade agreements such as the [[Commercial Cooperation Partnership]] with the League of Novaris and the [[Pax-UCA Trade Partnership]] with some members of the Union of Commonwealth Alliances. |
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The country has maintained a substantial trade surplus over the past 30 years compared to its trade partners as such it has raised over 2 trillion KRB of [[W:Foreign exchange reserves|foreign exchange and gold reserves]]. Coupled with [[W:Managed float exchange rate|control over the exchange rate]] of the national legal tender, [[Packilvanian dinar]], and control of capital movement, Packilvania has achieved monetary independence. The government struggles with tax collection and relies on substantial borrowing as such the country has over 7 trillion KRB in public debt and over 5 trillion KRB in private debt, over 80% of which is owed to domestic lenders. The country attracts 500 billion KRB of foreign direct investment annually and it in turn invests over 400 billion KRB abroad. |
The country has maintained a substantial trade surplus over the past 30 years compared to its trade partners as such it has raised over 2 trillion KRB of [[W:Foreign exchange reserves|foreign exchange and gold reserves]]. Coupled with the [[Packilvanian Central Bank]]'s [[W:Managed float exchange rate|control over the exchange rate]] of the national legal tender, [[Packilvanian dinar]], and control of capital movement, Packilvania has achieved monetary independence. The government struggles with tax collection and relies on substantial borrowing as such the country has over 7 trillion KRB in public debt and over 5 trillion KRB in private debt, over 80% of which is owed to domestic lenders. The country attracts 500 billion KRB of foreign direct investment annually and it in turn invests over 400 billion KRB abroad. |
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===Infrastructure and energy=== |
===Infrastructure and energy=== |
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Infrastructure in Packilvania is administered largely by the [[Administrative divisions of Packilvania|provincial and local governments]] under the national government via the Ministers of Housing and Urban Development, Mining and Energy, and Transport in the [[Council of Ministers of Packilvania]]. When the [[Bedonite dynasty]] took over from the [[Packilvanian Communist Party]] they continued and amplified the reliance on infrastructure and real estate expenditure to encourage economic growth. |
Infrastructure in Packilvania is administered largely by the [[Administrative divisions of Packilvania|provincial and local governments]] under the national government via the Ministers of Housing and Urban Development, Mining and Energy, and Transport in the [[Council of Ministers of Packilvania]]. When the [[Bedonite dynasty]] took over from the [[Packilvanian Communist Party]] they continued and amplified the reliance on infrastructure and real estate expenditure to encourage economic growth. |