NationStates Jolt Archive


What Does it Mean when your Economy is Imploded

Kurona
24-08-2005, 02:13
Can someone give it to me in lamens terms. Is it really BAD or Good? I got a feeling it's bad. I've looked it up, but I don't understand it.
The Candrian Empire
24-08-2005, 02:38
It means you have a pretty bad economy. For instance, on Thirdgeek, your nation's GDP per capita is 81 dollars. That's really really low. Although, if you're good, RPing a poor country can be fun.
Santa Barbara
24-08-2005, 02:39
It's really bad. Basically, people are eating each other to survive, no one has any wealth at all, there is no industry or commerce, etc. Imagine the most run-down third world country you can think of, then multiply that by 10.
Kurona
24-08-2005, 04:03
Oh I'm trouble. Any idea on how to boost it?
The great nude
24-08-2005, 04:41
Make.. better decisions with your nation? :D
Markreich
24-08-2005, 04:49
It means you have a pretty bad economy. For instance, on Thirdgeek, your nation's GDP per capita is 81 dollars. That's really really low. Although, if you're good, RPing a poor country can be fun.

To put that in perspective, the poorest real country (East Timor) has $400, and even North Korea has $1700...

http://www.odci.gov/cia/publications/factbook/rankorder/2004rank.html
Itinerate Tree Dweller
24-08-2005, 05:06
In the mean time, you can RP asking the international community for aide, food, money, water. Some nations are very generous.
Santa Barbara
24-08-2005, 07:05
The economy can be improved if you answer every issue by going with the options presented by the secretary of commerce, or corporate executives (CEOs, representatives etc), allowing economic freedoms (if there's a choice to have a product on the market, or to ban it, you should allow it), give tax cuts, and try not to increase government spending on anything you don't need, like public education.
The Czardaian envoy
24-08-2005, 16:21
I also need help, I'm down to Basket Case...and still Civil Rights Lovefest, too. That means that even though I'm giving peoplet tax cuts and some freedom, the economy still sucks. :(

And I started out with "Powerhouse". I wonder what I did wrong.
Gruenberg
24-08-2005, 16:49
In this (http://forums.jolt.co.uk/showthread.php?t=392208) thread, Euro notes that CRL denotes High Civil & Political Freedom, and Medium Economic Freedom. As such, Czardas, you're clearly still placing some restrictions on business. Also, it has been noted that economic freedom and economic strength do not strictly relate: many Psychotic Dictatorships have Frightening Economies. I should think it will work out in the long run.
Jenrak
24-08-2005, 17:20
Support Uranium Mining. That's all I'll say.
Wesleiesm
25-08-2005, 04:05
Hey, I've been wondering, what is the order of the quality of economies, is weak better than reasonable, I mean the the exact order, can anyone give me that? please telegraph me, I'm in "the vast realm of unitari". thank you.
Sonaj
25-08-2005, 18:58
This i how it is at the moment, according to the NSTracker (http://nstracker.retrogade.com/index.php?nation=Kurona).

Exchange Rate: K$221.1578 = $1
Gross Domestic Product: K$8,672,934,438.00
GDP Per Capita: K$82.60
Unemployment Rate: 26.11%
Gruenberg
25-08-2005, 19:06
Hey, I've been wondering, what is the order of the quality of economies, is weak better than reasonable, I mean the the exact order, can anyone give me that? please telegraph me, I'm in "the vast realm of unitari". thank you.

(--)Economic -----------Political Freedoms----Civil Rights(-- )
(15)Frightening---------Corrupted------------Widely Abused
(14)All-Consuming-----Widely Abused-------Frightening
(13)Powerhouse-------Excessive -------------Excessive
(12)Thriving-------------World Benchmark----World Benchmark
(11)Very Strong--------Superb-----------------Superb
(10)Strong--------------Excellent---------------Excellent
(09)Good----------------Very good-------------Very Good
(08)Fair------------------Good-------------------Good
(07)Reasonable--------Average---------------Average
(06)Developing---------Below Average------Below Average
(05)Struggling----------Some------------------Some
(04)Weak----------------Few--------------------Few
(03)Fragile---------------Rare-------------------Rare
(02)Basket Case-------Unheard Of-----------Unheard Of
(01)Imploded-----------Outlawed-------------Outlawed
Wingarde
25-08-2005, 21:58
You have to consider the consequences of the stances you take before certain issues. Every position has some kind of trade-off once the legislation passes. For example, some social equality issues lead to increased Civil Rights ratings while lowering your Economy ratings.
The Czardaian envoy
25-08-2005, 22:23
In this (http://forums.jolt.co.uk/showthread.php?t=392208) thread, Euro notes that CRL denotes High Civil & Political Freedom, and Medium Economic Freedom. As such, Czardas, you're clearly still placing some restrictions on business. Also, it has been noted that economic freedom and economic strength do not strictly relate: many Psychotic Dictatorships have Frightening Economies. I should think it will work out in the long run.
I actually knew all of that, I just want to know how to raise your economy without necessarily raising economic freedom, because I prefer moderate economic freedom -- kind of a compromise between capitalism and socialism. (I had a Psychotic Dictatorship with All-Consuming, but it died. [/hijack])
Gruenberg
25-08-2005, 22:51
You can get strong economies without high economic freedoms. It's mainly relating to issues such as tariffs, unions, and regulations like minimum wages.
Pantycellen
25-08-2005, 23:02
basicly if you economy has imploded then you have a worse economy then the weimar republic (they had to have a billon (million million) mark note made so people could buy bread (this is from a price of 1 or 2 marks)
The Great Punk
26-08-2005, 12:26
Is it possible to have all three at the highest or lowest possible point?
Artylian
26-08-2005, 12:36
if the economy is low but the country is socialist it can be good. It will mean that the government is looking after the people.

In a Perfect system there would be no need for an economy
Tajiri_san
26-08-2005, 13:36
This is my country rating ATM

Civil Rights: Excellent
Economy: Developing
Political Freedoms: Few.

I've really been pretty much all over the place, i went from Scandanavian to Corrupt dictator ship in about 2 days
Gruenberg
26-08-2005, 15:55
Is it possible to have all three at the highest or lowest possible point?

Yes. Anarchies have all three levels of freedom at the highest; psychotic dictatorships have all three levels of freedom at the lowest.
Demo-Bobylon
27-08-2005, 20:20
To improve your economy, you're welcome to join the International Development Co-operative (http://forums.jolt.co.uk/showthread.php?t=433722) - an organisation dedicating to aiding the poorest nations.

[/shameless plug]
Gruenberg
27-08-2005, 21:15
Or get an IDB (http://forums.jolt.co.uk/showthread.php?t=438838) loan.
Teh Hax
28-08-2005, 01:08
IMO Political Freedoms and Civil Rights aren't really necessary. As long people have money in their pockets, they always seem content. I mean look at Singapore. They have very few civil rights, but the people never seem to complain because they're rich! :D
Pompey FC
28-08-2005, 02:39
Haha yeah I would say the same if my nation didnt have very good civil rights, time to stomp those out :D
New Dutch America
28-08-2005, 14:50
Can someone give it to me in lamens terms. Is it really BAD or Good? I got a feeling it's bad. I've looked it up, but I don't understand it.

It means you dont even have a economy :rolleyes:
Moorington
28-08-2005, 17:30
You need civil rights to get a good economy or the people will not be able to even recive money or use it. The one issue I got way way back when my economy was low I got one that asked me if I should money inject into the Automobile Inc and it went to Powerhouse.
The Ctan
29-08-2005, 19:24
Yeah, if you're planning on RP, there's loans and so forth available. Some nations (such as mine, aren't I good? *basks in righteous glow*) even offer conventional development aid without expectation of repayment. Otherwise, it's just keep answering the issues.
Gruenberg
29-08-2005, 20:08
Yeah, if you're planning on RP, there's loans and so forth available. Some nations (such as mine, aren't I good? *basks in righteous glow*) even offer conventional development aid without expectation of repayment. Otherwise, it's just keep answering the issues.

I didn't actually know anyone else was interested in aid and development. Phew.
Demo-Bobylon
30-08-2005, 20:31
Bah! The IDC (even though it's later down in alphabetical order) offers unconditional aid to developing nations, and not only in the form of money! We can give machinery, medicine, food, clothing, and lots of stuff. And all our loans are zero-interest!

If you want to improve your economy within the game, choose to subsidise industry. If you've answered an issue which hits your economy hard, don't answer it more than once - if it comes up again, then dismiss it.