Highly Productive Developmental Monetary Impoverishment:
Case Study Analysis & Practical Policy Paper: Nasphilitae Past & Present
DISPOSITIVE: Authors: Kamala Cohen, Candice Cohen. DATE: 01.24.2024.NCSAC CODE: 614,634.2024.
ToC:
2 → Sector Overview, Allocation Argument
3 → Productivity Overview and Argument
4 → Historical Economic Policies of Regimes
Abstract and Summary:
Goal: Dissect and detect causes behind low living standards of Nasphilitae.
Rejected Presupposition: Colloquially, past periods (whichever one prefers) are seen with rose tinted glasses. We are skeptical of this nostalgia. The period scope ranges from 1852 to 2023/2024.
Method: Procedural elimination of possible causes until endemic deficiencies are left.
Summary of findings:
(1) Cause is only partially within the mismanaged allocation of resources to specific sectors. However, this topic often over-represented as the single factor. In truth, it is negligible, as certain sectors appear in boom & recession cycles when contextualised by cliometrics.
(2) Cause is NOT within the (lack of) productivity of labour. There exists a discrepancy between production output and living standards growth. This state of overproduction might have been an intention (to be termed: “domestic market dumping”) as to keep domestic CPI and wages low. However, intentions of regimes is not the topic of this paper.
(3) CONTRARY to popular belief, the political and public systems are not determinants for the economic system, historically nor at present. There exists a continuous trend in which the economic system subjects both public discourse and political actors.
(4) The leading cause behind low living standards id deductible to a black box of constant, volatile monetary and trade policy changes.
Practical Policy Recommendations:
(1) GRADUAL TRANSITION OF TRADE POLICY is strongly advocated as to avoid the perpetually repeating cycle of ~15 year shock therapies and their fluctuations. Since 1952, there have been 6 extreme regimes in regards to trade regulations, all of which have caused NEEDLESS volatile fluctuations and externalities.
(2) IN CONTRAST, ADAPTATION OF (ANY) MONETARY POLICY. We are running an entire macroeconomic havoc due to lack of money supply. If every form of available capital is equitable, what’s the point in any form of policy planning? How do you expect to enact (insert preference) form of economic reform without Foreign Currency Exchange Rate Indicators? What is the value and how did you come to of one Nasphiliti Pacifican Pound? The exchange rate is always on a stop value by brokers because the Royal Mint hasn’t determined parity since 1952.
Sectors Overview, Allocation “Argument”
We’d like to divert attention to two sectors here: “Biochemical” and “Open Financial Services” as the key anomalies. Why Innsbolt[head of government 2004-2023] allocated funding to market creation of a domestic Biochemical Industry, is a question which will keep us up at night until the day we die. However, the question should be: Is it profitable? Yes, it has contributed to much pollution, a very profitable factor for it. Financial services here refer to the Clearing-Factoring Foreign Monetary Center[foreclosed company] in Agorport. It was foreclosed after the P3 wonder children decided to experiment with double-ballot SNTV.
Regardless of this nonsense, we cannot seriously contribute a wider macroeconomic crisis merely to the management of two companies. Still, they are noted.
Productivity Overview and “Argument”
What is meant by “labour productivity” is a sum of multiple indices relating to how much tangible capital is created. This is not to be confused with “capital” in its narrow context, which is to say financial capital, which is apparently intangible (possibly mythic) in Nasphiliti political economy.
We wished to be fully explicit here since there are circulating arguments on Innsbolt creating “employment without production value”, which isn’t true, Innsbolt created overproductive employment without purchasing value.
For anyone wondering, the component which is lacking here is investment capital. There is production growth flooding domestic demand. However, due to the oligopolic nature of ISI policy, the CPI is not reflective of this event.
Historical Economic Policies of Past Regimes
Despite a 1-page scroll up data showing that the “golden age of Queen Dorothy and King Darzens” was a result of renegotiating colonial duties, the domestic public will insist on no relation between titling of a Grand Duchy on 20th May 1852 with visible exponential growth of domestic manufacturing.
Rationalisation of colonial duties (into monetary payments) lead to accumulation of primary capital which Darzens used to expand workers rights. This was followed by the spiritual predecessors to P3 arguments in the HR department. Sadly, the discussion was cut short by the Military Junta and its reached peak of 1952 when we were granted independence, because a supply line of 14,000 kilometers across a warring Capricorn was somehow not profitable. Ingenious nature of the Junta mandated conscription, which lead to its own downfall.
There is one trend we’d like to address. A regime in Nasphilitae lasts about 15 years. Every subsequent political regime radically shifts trade policies without consolidating a monetary approach beforehand.
That would be all from us. Good luck.