Saframalani: Difference between revisions
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Saframalani currently operates a mixed socialist market economy, though more often described as a state capitalist economy. Many "strategic" sectors of the economy, like the aviation industry, information technology companies, medical technologies companies and energy resource companies, are operated either by state owned enterprises or by so-called "National Champions" which are large private corporations closely tied to and supported by the government, though more often it is the latter. According to official statistics at least 70% of the Saframalani economy is currently privatised.
The economy is generally oriented towards manufacturing, with low-value manufacturing being dominant throughout the mid-20th century and being gradually surpassed in value by high-tech manufacturing primarily in industrial automation, medicine and aviation throughout the 1990s and into the 21st Century. This shift towards high value manufacturing is still ongoing and has significantly picked up pace since the first term of office of President Muammar al-Douri and his technocratic policies aimed at transforming the Saframalani economy, more generally known as the "Dourist" economic policy plan in public discourse.
While the economy is driven by market demands, these demands themselves are often "corrected" by the Central Committee, Ministry of Trade and Industry, Ministry of Economy and Ministry of Finances that are responsible for creating a "Five Year Plan" every 5 years. These "Five Year Plans" serve to give recommendations and targets for provincial governors and other actors within the government and Saframalani's business world to steer growth in strategically important areas of the economy.
==Demographics==
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