15 Years Later: Where is the Yingdalan Economy After the Aldegar Canal Crisis?
The Aldegar Canal Crisis was the worst economic downturn in Yingdala's recent memory. Inflation was through the roof. Stock markets crashed. Trade slowed to a snail's pace. But the Yingdalan people persisted and emerged from the crisis stronger. Tian'an, keen to mitigate the impact of such a crisis again, has implemented massive domestic and foreign policy reforms to create resilience and growth. So far, it has been a resounding success.
Domestically, the economic revival plan - supported by the Yingdalan Wealth Fund - has seen double-digit growth since the crisis. The economy has already doubled, and remains on track to double again in 5461.
Traditional Yingdalan industries - agriculture, pharmaceuticals and healthcare, construction, education, technology, defense, and manufacturing - have been at the heart of the recovery. Advancements have been made - thanks to generous private and public funding - across sectors. These innovations have led to making the people's lives better and cheaper - raising the standard of living as the country vaults above each economic hurdle.
Diversification of investments and trade have also been essential - with Yingdala establishing 13 new treaties opening up trade and investment across Keris, Seleya, and Dovani.With these new market opened - on top of existing trade and investment agreements - Yingdala has become a major Terran trade and investment destination. The geographic focus on the Eastern Hemisphere has also benefited the country, as trade is far cheaper.
The explosion in trade, investment, and economic growth have led Yingdalan investors to focus more on logistics - including the global competitive shipping industry. Establishing several shipping giants will be an important task for the Yingdalan people moving forward to better compete in the Terran economy, but more importantly exercise control of their economic destiny.
Correct measures have been taken over the past 15 years. Here's to another 15.