The EconomistThe Economist, or Det Økonom, is a primarily Davostani language digital news organization with a focus on economic news. The Economist reports both international and national economic developments.________________________________________________________________________________________________________________________8 September 4705Years of liberalization sees growth of new economyIn areas such as the service sector, consumer goods, and electronics as well as software development,
new industries have seen a steady climb since economic liberalization under the four-term Møller Presidency.________________________________________________________________________________________________________________________For years Davostan was a country locked away from Terra, a rusted, eternally shut door to global outsiders. News would trickle out every so often, but even then it's credibility was dubious. More often than not, the world heard of egregious suppression of it's native peoples, the enforcement of state-sanctioned religion on a diverse population, and a deeply authoritarian state controlling most aspects of society like a smothering blanket. But since the fateful year of 4687, in which democratic voices triumphed in support of a secular, free Republic - The nation has seen the return of a national economy once more, changing from oppressive intervention to regulations with the aim of safeguarding labor, welfare, and social security. As well as a robust economy to boot.
Whilst still needing to overcome the hurdle of formally reentering the world stage in terms of economics, Davostan itself has seen the rapid growth of several new industries, each contributing as building blocks for a new national economy as a whole. Key employers which'd been noted in the Ministry of Finance's National Economic Report (NER), a bi-annual report detailing GDP, spending, and taxation trends saw that the nominal production of consumer goods, mainly in the form of domestic furniture, consumer electronics, and to a lesser extent entertainment media saw the largest increase over the previous several years, rising to become a major aspect of the national economy as a whole - if not the largest.
Other industries noted in the NER as developing into significant employers was the service sector (mainly in the form of transportation, sanitation and maintenance occupations), electronics and software development, and sustainable energy, predominantly in nuclear and solar power. The former had taken a considerably large chunk of sustainable and renewable energy resources, noting that by law, most electricity is mandated to be generated predominantly via nuclear power.
Minor industries which saw their emerging growth within the national economy included the automotive sector, commercial fishing, agriculture (which'd previously dominated the economies of previous regimes for centuries), forestry, and more surprisingly to both private and public economists, private arms manufacturing. Recently, the re-appointed Minister of Finance, Ludvig Therkelsen commented greatly about such growth, and had laid out further reforms to bolster the national economy before the legislature last July. Such reforms which included a 45 billion increase of the Ministry of Trade and Industry. "I think this is now the time that we're finally seeing growth - both domestically and to a lesser extent, internationally," Therkselsen stated at a conference last month. "Our national agencies should reflect such trends, and be ready for continuing to support and reward such advancements."
Details with regards to the concentration of such industries across the five Provinces of the nation addressed in the NER saw the major economic aspects, which the Ministry of Finance has taken to labeling as the
Main Economy (Although it's contents could shift over the coming years), saw the four industries be mostly concentrated in the mainland portion of Dovmark and parts of northern and central Kyrmár. Minor aspects, which the MoF had labeled as the
Side Economy, saw the five developing industries spread out over most of the nation, though the NER had indicated the automobile industry as well as arms industries be contained within the center portions of the country, spread out mostly around the border of the regions of Kyrmár and Dovmark.
A nuclear power plant is seen in action in Fladborg, Sønderhavn, having been completed last spring after five years of construction.
With other industries, sustainable energy has quickly developed as a key employer over the past decade,
outlined by the Ministry of Finance as being part of the nation's "Main Economy".