Society and Economy, a honest analysis of Aldegar's policies and their repercussions in Past, Present, and Future eras: real change from the past?
November 1st, 5489
Ramsāhreza, Aldegar. The Central Bank of the Aldegarian People's Free Federation is happy to officially publish its detailed rundown of the status of the Aldegarian economy, society, and culture alongside studying the impacts of past and current policies on our current and future developments with the addition of adressing challenges that Aldegar historically faced and what we can do to help:
(This analysis was possible with the help of the Aldegarian Corporate Council, Federal Archive Agency, Subprogram Apollo from Plan GAIA, National Office for Staistics, and the Aldegarian Demographics Agency)
I)Pre-Federation Era(5432 and downward):
Economic status and political environment: Aldegar before the formation of the Federation has been known as an impoverished unstable economy that couldn't hold its own weight but that still relied heavily on others for support. It nonetheless experienced a period of unprecedented growth and rejuvenion following the inauguration of the Aldegarian Canal in 2403 but said period was short-lived given the unstable nature of the first Aldegarian Republic established after the collapse of the millinea old Shahnazid Empire.
The transitional period that was the first republic saw many challenges especially given it was first led by revolutionaries and visionaries that have gotten their vision quickly stripped out following multiple attempted monarchist coups and the eventual successful reintroduction of the monarchy which many thought would solve the issue but at last the cycle of chaos and disorder continued for centuries that can reflected in the status of the Aldegarian economy.
The lack of proper planning, hasty, and often radical regime changes, alongside openly opposing the previous policy set in place have all held back Aldegar from smartly exploiting its abundant resources such as its rich mineral concentration in the central moutain chains, and useful assets being its central location on the map of Terra and the creation of the Aldegarian Canal. We have noted that previous administrations have tried breaking the cycle but still failed as they allocated too much funding in one sector instead of distributing it to all sectors to ensure self-reliance economically and meet the demands of their national customers first. Finally, we are ready to share with you the official numbers of the Aldegarian GDP during the Pre-Federation Era:
But first, here are some terms to help you understand the following complex words:
GDP: stands for Gross Domestic Product and it is a monetary measure of the market value of all the final goods and services produced and rendered in a specific time period by a country or countries.GDP is often used to measure the economic health of a country or region. Definitions of GDP are maintained by several national and international economic organizations.
PPP: stands for Purchasing Power Parity, and it is a measure of the price of specific goods in different countries and is used to compare the absolute purchasing power of the countries' currencies. PPP is effectively the ratio of the price of a market basket at one location divided by the price of the basket of goods at a different location. The PPP inflation and exchange rate may differ from the market exchange rate because of tariffs and other transaction costs.
HDI: stands for Human Development Index, it is a statistical composite index of life expectancy, education (mean years of schooling completed and expected years of schooling upon entering the education system), and per capita income indicators, which is used to rank countries into four tiers of human development. A country scores a higher level of HDI when the lifespan is higher, the education level is higher, and the gross national income GNI (PPP) per capita is higher.
Gini: In economics, the Gini coefficient also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality, the wealth inequality, or the consumption inequality within a nation or a social group.
Nominal GDP and PPP of Aldegar: Unfortunately, we have only been able to successfully calculate both the GDP and PPP for the 4213-5430 period as the records for the previous centuries and millineas were too vague for us to successfully extract informations from (OOC: I swear to god I had to go through thr trenches and battle my way like a WW1 German soldier at the battle of Verdun to find those God forsaken percentages weren't even NUMBERS, but anyways, where were we) and the numbers are the following:
Nominal GDP: it will be divided into multiple sections according to appropriate time frames
From 4213 to 4500: original initial valeu was 383.3 billion ACR and ended up becoming 450B ACR in the daws of 4500.
From 4501 to 5000: initial valeu was 460B ACR, which finally became 819,5B ACR, shortly after the start of the new millinea.
From 5001 to 5432: initial valeu was 823,4B ACR that turned into 967,32B ACR during the period of the republic.
PPP: we will use the same time frame method employed for the nominal GDP.
From 4213 to 4500: Initially calculated valeu was 650B ACR that became 830B ACR upon entering 4500
From 4501 to 5000: the valeu went up from 834B ACR to 1,27 trillion ACR following.
From 5001 to 5432: the Aldegarian purchasing power went from 1,32T ACR to 1,84T ACR.
Gini and HDI of Aldegar: We are sorry to inform you that we cannot deliver you price numbers for this era Aldegar but we can safely assure you that the estimated Gini during this period of time was around 58,4 to 73,2 showcasing the great disparity between social classes alongside the HDI barely surpassing 0,73 due to the then low life expectancy and fragile healthcare.
Analysis and conclusion of the results: We can deduct from the previous results that Aldegar experienced very slow economic and social development compared to its neighbor alongside policies that didn't help encourage investments and competition, it was a recipe for disaster granted that Aldegar was still experiencing troubling times internally and the war on Rilddhanor during the 54th century didn't help with it as less people used the canal citing safety concerns given how the Aldegarian navy was understaffed and still used outdated materials.
Challenges faced during this Era: Aldegar, and more notably the Aldegarian Republic has faced many challenges that threatened its internal and external integrity which prevented it from achieving its true potential as Terra beating heart for trade and economics. The Rildhanorian War among others have severely handicapped the economy as multiple nations avoided the canal due to the maritime battles happening near it alongside the growing dissatisfaction with the republican government and its conservative staunchly nationalist policies has culminated in what would cause the Water Lilly Revolution, a revolution never seen before in Aldegar that will change the nation as we know it forever.
II) Utopian Federation Era (5432-today):
Politcal and Economic status: Aldegar in the Utopian Federation Era has become a hot-spot for trade, commerce and competition among the nebula of companies trying to gain their own share of the juicy magenta apple that is the Aldegarian market, but before Aldegar came where it's now with its blossoming economy we must look at how things unfolded during the last days of the Republic and the first days of the Federation.
One faithful night, a politcal science student known as Freydoun Shajarian set himself on fire in front of the Mayoral Office of Ramsāhreza while calling out the obvious corruption of the authorities and their greedy ventures that only serve to fill their pockets using money originally allocated for Social plans such as health insurance, public education and unemployment funds, this simple yet radical action of self sacrifice will help instigate the start of a nationwide movement urging for change in the country.
Shortly after the death of Freydoun and the release of his letter calling for the abolition of the republic, Aldegar brightest and smartest intellectual Parisa Shahi led the intellectual class of Aldegar by openly encouraging people to disobey the law and help topple the republic for the formation of a free Federation where everyone is equal and where favoritism will die, this call for action encouraged people to flood the streets while the president at the time put Parisa as the country's most wanted criminal.
In addition, Parisa managed to sway the National Organized Workers Syndicate to side with her and making them promise to paralyze the entire economy if she's arrested, but it seems that the authorities thought it was bluff after they arrested Parisa, little did they know this would be cause of their downfall. Following her arrest, the NOWS orchestrated a nationwide protest that also affected the Aldegarian Canal by willingly stopping any ships from using it and deserting their positions, this forced the MoF at the time to officially suspend the canal for an indefinite period of time while the Aldegarian economy was experiencing its worst recession ever with public debt skyrocketing to 120% and riots happening across the country due to a massive cyber attack targeting the Aldegarian Carceral Agency leaked highly classified documents that revealed the deep nature of the corruption in government alongside the inhumane treatment of prisoners, these revelations helped ignite riots across hundreds of prisons and the successful escape of Parisa, but not only did Parisa escape, a major player in the revolution showed itself being the Masked Fools Society.
As the tensions in the country reached historic level, a secret backdoor deals was struck between the military and the Fools allowing them to topple the government and slowly transition toward the formation of a Federation (OOC: enough yapping or I'm gonna jump off a bridge anyways so let me just cut the whole thing short directly to the numbers)
Current nominal GDP and PPP: We are happy to announce that the Central Bank of the Aldegarian Federation is ready to openly share its report of the current state for both Gross Domestic Product and Purchasing Power Parity with the help of the ACC, FAA, NOS, and Apollo from Plan Gaia.
But we won't just adress the GDP, PPP, Gini, HDI, we will also talk about inflation, social developments, and essential services and how they have impacted Aldegar and this era is the most detailed one given we currently live in it and have the most informations regarding it. In addition, all of the following numbers will also be converted into their LFR valeus according to the FRANc act and out of simplicity for our foreign readers
Nominal GDP:Aldegar at the dawn of the Federation started with 810,4B ACR which equates to 600,29B LFR, the country then experienced a period of unprecedented growth with an average economic growth of above 12% for a period of 5 years helping it achieve a GDP of 1,428T ACR=1,057T LFR, shortly after this period the country experienced a constant excellent economic growth surpassing 14 %for more than 15 years before it settled down at 7%, this economic book that is still going on today has achieved a GDP of 5,36T ACR that equates to 3,84T LFR (according to the Vandamn report at least).
PPP: Aldegar witnessed its PPP plumet from 1,84T ACR to 1,16T ACR because of the canal crisis alongside inflation hitting records of up to 149% it degraded the PPP quickly before it swiftly recovered from the hit at the start of the economic boom with it in 5438 achieving a PPP of 2,73T ACR=2,02T LFR, (OOC: do I need to keep saying the same words GOD DAMN IT) as of now the current PPP is 11,45T ACR=8,48T LFR with an average inflation of 4%
Debt-to-GDP ratio and the GDP per capita nominally and PPP wise: The current Debt to GDP ratio for Aldegar sits at a comfortable 74%, and decreasing, thanks to the effort of the central bank in repaying the public debt that used to be 120% but we are still hoping we can payoff enough debt to reach an excellent ratio of 45%. As for the nominal GDP per capita it is 32,535.46 ACR=21,100.34 LFR and the PPP per capita is 69,502.76 ACR= 51,483.01 LFR, this shows the transformation that Aldegar went economically as it went from a developing nation to a developed modern one economically that knew how to successfully grow and reform its economy while avoiding to repeat the same mistakes past administrations committed.
HDI and Gini: Aldegarian society underwent massive changes since the formation of the Federation but it's time so see if those changes and shock did benefit the population:
HDI: Aldegar witnessed major policy changes when it came to how social matters are handled by authorities, the introduction of federal power to provincial governments helped smartly invest in their local population as we can see that the current HDI is 0,934 an excellent score a proof of the country's ever so modernizing society and living conditions that represent themselves in the life expectancy being 88 for men and 90 for women alongside the literacy rate being 98,4% alongside the average wage being 24,5K ACR coupled with the expected studying age for an Aldegarian student being 22 with the mandatory school enrolling age being 2.
Gini ratio: The average index of wealth disparity in Aldegar is 32,4 with Ramsāhreza, Āzāddeh and Kasād being the highest ones with an average score of 46,2 while cities like Pāytakht-e Aldegār with a low score of 18,3. This shows that Aldegar, even tho it has low wealth disparity, has still a long way to achieve true social equity by handling the disparity in its economic hearts as to make sure class separation isn't born
Average age and their groups in Aldegar: Given the now developed and modern nature of Aldegarian society, we have noted that it went from being dominated by young groupes to then be overwhelmed by more older ones with the =<30<60 age groupe making up 40% of the population while people aged between 18 and 30 only make up 23%, on the other hand the number of people over the age of 60 is 17% and fhe number of people under the age of 18 is 23%, and thus making the average age 42.
Why did it work? And the impacts of it: The great changes that happened in Aldegar and the reasons for their success can be summarized into 4 major ones:
Younger and fresher minds in governance: The toppling of the old administration and spearheading of the revolution by the youth allowed for brighter minds to entierbthe administration which permits them to try and see if their ideas can help the country on the long run coupled with other factors, it was simply the perfect mix for Social and economic prosperity.
Power devolution and separation: Older regimes shared one common issue, too much centralization in the hands of Ramsāhreza alongside the oppression of local governments, the passage of the federal constitution and creation of both local governments and the ACAA has allowed for greater freedom when it comes to financial and social decisions, especially concerning the canal as it's defacto near independent from Ramsāhreza
Targetted deruglation and alleashing policies: President Parisa and her ministry for Finance Hannaneh Dehghan knew how to smartly and swiftly regulate specific sectors of the economy that would break monopolies and help allow for companies to rise with the hopes of joining the ACC, yet another attractive policy adopted by Ramsāhreza alongside the creation of the Ramsāhreza Central Stock Institute which allowed for freer stock exchange among the people in addition to the restructuring of government-owned companies which helped increase competitiveness within the company themselves.
Open and Utopian diplomacy:The Aldegar of yesterday isn't the same as the Aldegar of today, it once used to be an isolated nationalist country focused on its own matters and only talked with if necessary, but now the country is one of the most welcoming countries internationally with its hyper Utopian diplomacy that sees the best in everyone unless they attack them first alongside supporting panseleyan initiatives such as the Trans-Seleyan Railway, a joint venture between Lodamun, Kalistan, Baltusia, Gaduridos, Tukarali and Aldegar. The ACAA also helped ease relations by separating it from official matters in Ramsāhreza unless it came to urgent decisions such as when the Seat Fiasco happened which led to the seizure of Beiteynuese seats in the Administrative Council through a direct order from the Palace of Javaneh. Aldegar also made new friends such as Lourenne, Yingdala, Luthori, Xsampa, and Gaduridos, which helped cement its position as the heart of the terran trade
III) Starlight and Silicone Era (near and far future):
Predictions: We, the Central Bank of the Aldegarian Federation predict that, if the conditions remain favorable and the Federation doesn't experience any major crisis, Aldegar will be one of the world's leading economic powers and maybe even Seleya's biggest economy but we nonetheless would like to note that those are only predictions that aren't meant to taken seriously unless they reveal themselves to be true. But in order to achieve this, Aldegar must face 2 major challenges in the near future those being:
1) Elderly and pension crisis: The Aldegarian population, according to our calculations, will enter an elderly crisis in the 56th century with the number of elderly unable to work overwhelming the number of people in the workforce as such we encourage the government to fund initiatives that encourage childbirth even if it's outside the marital pact as any child will help ease the crisis and ensure a Prosperous Aldegar unless of course the government wants to decrease the population by letting the average child per woman to fall under 1.
2) Deep-rooted favoritism and hidden games: The Central Bank of the Aldegarian Federation would like to denounce the deep-rooted favoritism running in the Aldegarian economy, especially when it comes to MFS related matters as they often sway the balances in their favor but we aren't opposed to them but rather that it would he advised to support companies not owned by MFS alongside allowing for more forieng companies inside the ACC as a commitment for free trade and economics.
Conclusion: Aldegar is blossoming heart that still has some parasits and bugs eating away at its petals but we believe that we will manage to fight out those issues and help blossom our heart even more as we eventure the 56th century and are halfway through a new millinea.
Thank you sincerely,
The Central Bank of the Aldegarian Federation's committee for Economic Transparency and Fairness.