11-12-2025, 05:14 AM
Industrial diversification to begin; Building up a modern economy.
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September 18th, 5694
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Any good economy that is healthy and worth it's weight is diverse. No country sets out to target a specific good and divert their entire economy towards that. No one sane at least. For the Tripartite Kingdoms, that cannot be allowed. A diverse economy is not only healthy, but vital for long term economic security. As the steel industries continue to grow, we cannot grow complacent and look for the trees instead of the horizon. That is why the Enescu Government is looking to continue industrial expansions and especially diversification to ensure the Second Five Year Plan is adequate.
As such, new focus areas will be needed to ensure growth. Beyond steel that is. And it involves taking advantage of silicon even more. While high end technology is out of the question, low end technology is still very much possible, and must be more effective. Whether it be electrical appliances for basic home or industrial use, automotive parts, construction parts and chemicals, these will be invaluable towards transition towards mid end tech. Plus it helps the domestic market with having consumer goods widely available. To encourage private interests, credit lines will be offered for private firms to start construction of the necessary facilities that are related to the aforementioned.
For electronics specifically however, there is more potential. Radios and other small appliances and basic industrial electronics are worth investing into. To ensure development here occurs without major state involvement, the NFTIS will offer apprenticeship programs in electronics and mechanical engineering, and domestic entrepreneurship will be encouraged via microcredit plans. To actually ensure that there is Efficiency, these industries will be clustered, with the electronic industry being clustered near silicon, and appliances being near steel and aluminum. Tax breaks will be offered to private firms that locate themselves in these clusters.
The goal is to ensure the economy is efficient, and diverse. Otherwise the economy will grow stagnant, and threaten the stability of the Tripartite Kingdoms. Something that cannot be allowed. And by expanding more jobs, it allows for more cooperation with nations such as Nadiya, who are willing to assist NEKK phase out coal power for oil based power, and more jobs will ensure that coal workers aren't abandoned.
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September 18th, 5694
---------------------------
Any good economy that is healthy and worth it's weight is diverse. No country sets out to target a specific good and divert their entire economy towards that. No one sane at least. For the Tripartite Kingdoms, that cannot be allowed. A diverse economy is not only healthy, but vital for long term economic security. As the steel industries continue to grow, we cannot grow complacent and look for the trees instead of the horizon. That is why the Enescu Government is looking to continue industrial expansions and especially diversification to ensure the Second Five Year Plan is adequate.
As such, new focus areas will be needed to ensure growth. Beyond steel that is. And it involves taking advantage of silicon even more. While high end technology is out of the question, low end technology is still very much possible, and must be more effective. Whether it be electrical appliances for basic home or industrial use, automotive parts, construction parts and chemicals, these will be invaluable towards transition towards mid end tech. Plus it helps the domestic market with having consumer goods widely available. To encourage private interests, credit lines will be offered for private firms to start construction of the necessary facilities that are related to the aforementioned.
For electronics specifically however, there is more potential. Radios and other small appliances and basic industrial electronics are worth investing into. To ensure development here occurs without major state involvement, the NFTIS will offer apprenticeship programs in electronics and mechanical engineering, and domestic entrepreneurship will be encouraged via microcredit plans. To actually ensure that there is Efficiency, these industries will be clustered, with the electronic industry being clustered near silicon, and appliances being near steel and aluminum. Tax breaks will be offered to private firms that locate themselves in these clusters.
The goal is to ensure the economy is efficient, and diverse. Otherwise the economy will grow stagnant, and threaten the stability of the Tripartite Kingdoms. Something that cannot be allowed. And by expanding more jobs, it allows for more cooperation with nations such as Nadiya, who are willing to assist NEKK phase out coal power for oil based power, and more jobs will ensure that coal workers aren't abandoned.
"Yet I am here, and here I shall remain to behold the world in all it's beauty"
"The world is but a stage. Why cry, when you can laugh instead? For laughter is humanity's preserve. Laugh it all off, fret not, Let's just enjoy the moment."
"The world is but a stage. Why cry, when you can laugh instead? For laughter is humanity's preserve. Laugh it all off, fret not, Let's just enjoy the moment."