Arctic
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| Info: NSEconomy RC XML |
Arctic remains one of the least explored, studied and understood places on earth.
Region Founded: 6:53 AM AKST on November 14, 2004
After living in a polar region and visiting other polar regions, we noticed that Arctic had ceased to exist and it was decided to re-found this important region.
Arctic is allied with, 'The Arctic' and The Arctic Circle.
The region Arctic, (not to be confused with 'The Arctic', which spans the polar region over the Pacific ocean) spans the icy polar region above the Atlantic Ocean. The region was founded by the brave pioneers of The Ice Bears, and over time grew to become, at its peak, 53 nations strong.
Prussiatopia was one of the first nations to join the newly reformed Arctic. Reports on the regional message board by Prussiatopian leaders keeping us up to date with the nations developing economy went a long way to attract other nations to the region and build it into what it is today.
The Federation of Thule and Hjaltland was founded in April 2006. It resides in Arctic, and is a very active member of the Arctic Community and a budding member of the United Nations.
Economy
The Economy of Arctic, in comparison to its sister region "The Arctic", has always been much stronger on a GDP basis, at the beggining by only 20 - 30%, but ever since the Nerobian Revolution the Arctic's economy has both exceeded The Arctic in a GDPPC basis and has grown to many multiple times the size of The Arctic's GDP.
Most of the growth within the Arctic region is fuelled by Nerobi Narraba's Cold-War pact, Prussiatopia, the Transitioning Economies (those that have grown from about 1,000 to almost 15,000 in a short amount of NS Years) and the frequent influx of immigrant Nation-States. The average Arctician compared to the average "The-Arctician" is wealthier by a ratio of 3:1, the Top 10% wealthy of the population of these region's are even more inequal in their wealth.
One aspect is Geography - due to the warmer nature of Arctic's climate and itself being located in the Canadian Arctic, as opposed to "The Arctic" which is located in Russian-Siberian Arctic, ships are able to travel with more ease thus speeding the time it takes to trade goods, and in turn, the time it takes it for them to reach the consumer, whether it be in proccessed or unproccesed form. The Second is that this side of Arctic is more oil-rich.
Another aspect is Ideology, while Arctic is generally democratic allowing more economic freedom, more freedom for currency to flow, and more freedom for the consumer to buy what is needed and even, desired, the command economy of The Arctic's communist regime doesn't allow for this freedom and so is poorer due to this disadvantage. The situation in The Arctic, however, is improving.
