Economy of Stachelort

From GothaWiki

Jump to: navigation, search


The economy of Stachelort is a mixed economy in that it is considered a planned economy with government intervention when needed to ensure market-driven aspects meet national economic goals. The system developed in an effort to merge the concepts of autocratic direction of the economy with the political power of the guilds and ownership of the means of production by, largely, the nobility in Stachelort. Fundamentally, the interventionist aspect is largely the result of some chronic key resource shortages—particularly lumber, stone, and energy—coupled with the economic degradation resulting from the Tandem Wars (7446-49 RH and 7465-73) and, most significantly, the Pan-Anarian War (7498-7552).

Contents

Basic objectives

State intervention in the economy has a basis in Orkanan philosophy, particularly Mellanhand and Peratolian traditions, particularly from a unitarian perspective. Nonetheless, the three stakeholders of the economy in Stachelort—government, guilds, and business owners—work together to set and achieve economic goals in Stachelort. In this apparently ad hoc system, private ownership is considered an important incentive to maximizing output and, thereby, facilitating economic growth.

To this end, economic policy in Stachelort has the basic objectives of providing a high standard of living, with as much self-sufficiency as possible. Recognizing the country, including its colonial holdings in D'Runia, has some considerable resource shortages necessary for modern industry and society, Stachelort seeks to achieve a balanced economy where trade of surplus resources brings in or allows purchasing of needed commodities without negative impacts.

Materialism, however, is seen as undesirable even though private ownership is considered beneficial. Some non-Stachelortan economists attribute this to the resource shortages, especially as exacerbated by the wars over the last century. Anti-materialism, however, ties in with the economic interventionist concepts of mainstream Stachelortan economists.

Materialism is counter to Vind's Master Plan. It suppresses the spirit and leads to an inappropriate penchant to individualism which then consorts to indifference to the commonweal.

Timotheus Matthäus Tanzer
Stachelortan economist, 7148
[1]


Economic planning

The State Economic Commission (Stoldish: Staatliche Wirtschaftskommission) is the economic planning organ in Stachelort. The Plenary Commission comprises the 18 members of the Council of Ministers, and 18 delegates each from the Chamber of Guilds and Syndicate of Industry with approval of the Autokrat. The Commission, or SWK, produces a series of interwoven plans rather than any single, all-encompassing plan. The plans overlap economic sectors and years. From the national level, economic committees at the march, borough, provinces, districts, and municipalities produce their own plans which nest with and support the national plan.

Planning process

Meeting in plenary session, the Plenary Commission approves central, broad economic objectives as recommended by the Commission's staff with input from the Presidium. These objectives are divided and distributed to the various ministries and guilds based on the applicable economic sector. The objectives are also communicated to the economic committees at lower levels of governance. After review and feedback, the plan is reaggregated at the national level Once the Plenary Commission approves the final plan, it is redivided among the ministries and distributed to producing units.

Published plans address three key elements of the economy: economic priorities, production targets, and resource allocation. National-level plans are, necessarily, general in nature. Economic plans at the march, borough, provincial, and municipality levels become more specific the closer they are to the level of execution. The Commission performance to plan, making adjustments as and when necessary to ensure achievement of national economic objectives.

Supplemental mechanisms

Despite fairly specific resource allocations within the economic planning system, various businesses, particularly factories and means of production, can buy and sell resource allotments through Börse Stachelort. The guilds also affect plan implementation with allocation of labor.

A ledger of economic balances facilitates the Commission's management of the supply and demand of raw materials and finished goods, including both domestic and imported. One means of control used by the Commission is its authority to set prices which moderates the price-setting activities of the guilds and various industrial syndicates.

Ledger of Economic Balances

The Commission maintains a very detailed ledger of economic balances. The ledger has its foundation in the base surpluses and deficits of natural resources of Stachelort and the colony before any consideration of trade.

Base Ledger of Resource Balances, 7580 [2]
Surplus Deficit
Significant Moderate Moderate Significant
Cereals
Dairy
Fish
Gold
Iron
Produce
Silver
Sugar
Bauxite
Copper
Fruits and nuts
Lead
Livestock
Platinum
Fiber, Natural
Nickel
Rubber
Tin
Energy
Lumber
Stone

Monetary and fiscal policy

Another influence on Stachelort's economy is monetary policy, which is set by Stachelortbank, the country's central bank. In general, monetary policy is conservative with a focus on economic stability to avoid both inflationary and deflationary impacts. Monetary policy is largely effected through interest rate controls and managing foreign exchange rates. Government spending and purchasing generally has less impact on economic planning since the Council of Ministers is part of the State Economic Commission. As a result, government activities is typically included in the Commission's planning whereas the central bank's decisions are less integrated since it is an independent organization.

Economic sectors

Agriculture and fisheries

Brücht is the breadbasket of Stachelort, outproducing the other marches, combined, in cereals, fruits, nuts, olives and food oils, produce, dairy, and livestock. Vestanfell and Nordrisland place second and third in production of these foodstuffs. Nordrisland, Brücht, and Leefit are the top three marches for commercial fisheries. The colony of Stachelort D'Runia is also an important contributor to the national surplus of foodstuffs from both agriculture and fisheries.

Banking

With Nester situated on the shipping lanes crossroads between Anaria, Altaia, and D'Runia, there is a lot of trade and maritime activity in Stachelort. This gave rise to banking in the mid-7300s. Dozens of commercial banks have developed long-term relationships with clients across the globe. Discreet private bankers in Stachelort offer a wide variety of financial services. Stachelort's banking privacy laws and the Finance Guardians (Stoldish: Finanzhüter) ensure the security of deposits, financial transactions, and bank-related business.

The advent of the energy-based economic system of Häverist countries, including Helreich, Mörenburg, and the Riss, has been a boon to the larger Stachelortan banks. They have established a niche in translating economic value between the Häverist energy credits and the more common monetary systems used by most of the world. These banks have a presence and expertise with the Häverist Interconomic Distribution Apparatus.

Manufacturing

With the advent of methods for producing steel, the industry is expanding rapidly. Stachelort also has one of the preeminent chemical industries in the world, particularly in the fields of dyes and medicine.

Mining

Norrie iron ore mine.

Large deposits of coal and iron ore led to the development of a significant mining industry to exploit these commodities. The largest iron mines operate in the Vestanfell and Brücht marches, with coal coming mostly from the Stachel Highlands in Nordrisland.

Precious metal deposits have led to gold mines in Brücht and silver mines in a band across southern Stachelort. Economically viable lead deposits can also be found throughout the country. Stachelort also has a surplus of tin and bauxite.

Science

Stachelortan scientists and inventors have been credited with a number of discoveries and inventions, including the compression ignition engine.

Transport

The nature of mining and manufacturing call for a well developed system of transport. Stachelort makes extensive use of its navigable waterways and ports. Comprehensive road and railway networks connect mines, farms, industries, towns, and ports with raw materials, finished goods, and passenger services.

See also

References

  1. Timotheus Tanzer, Economic Means to Realize Vind's Master Plan, p. 54
  2. State Economic Commission, Summary Report of Base Economic Balances of 7580, p. 120

   Republic of Stachelort   
General Coat of arms of StachelortFlags of Stachelort
History Orkanan RealmDragar MonopolyConfederation of StachelortGreater Stoldavic EmpireDuchy of StachelortWar of RestitutionTandem WarsPan-Anarian WarPreservationist Coup
Culture and Society
Language: Stoldish
Religion: OrkananThe FaithSadarisnismKamuran CelestialismIzha
Ethnicities: BrüchtDölmerAldsayCheltaiKarskTragoni
Society: GuildsNobility in Stachelort
Sport: SchleudernStickball
Government and Politics
Government: Autokrat (list) • Council of MinistersState AssemblySupreme Court
Ministries and agencies: State Economic CommissionStachelortbank
Law enforcement: Civil MilitiaFinance GuardiansState Protection Service
Political parties: Stachelortans First Party
Other: Framework (constitution) • Foreign relations
Military
Armed Forces: NavyArmySky Armada
Equipment: Awards and deorationsShipsUniformsWeapons
Economy Standard (currency) • Business in StachelortGuildsBörse StachelortState Economic CommissionStachelortbank
Prominent people
Politicians: Nikolo Lusky (Autokrat)
Military leaders:
Nobility: Duke LuitgerDuke Gunther Luitger
Historical figures: Lorenz Saller
Businessmen:
Geography
Political: MarchesProtectorate of Stachelort D'Runia (colony)
Cities: Seetor (capital city)
Physical: Rückgrat MountainsStachel HighlandsStraits of Stelneck
Category
Personal tools