Tillorway

Tillorway

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EQUALITY is key to Tillorway's effective economy. In a small country, it is necessary that each citizen pulls his own weight and that each has a role. Each man, woman, and child has an equally important job to fulfill and a common goal. All contribute equally to reap benefits.



Policy and Participation:  Policy is made completely by the state. However, due to the small size of the state, the equal effort contributed by each citizen and the general equality spread throughout, villagers feel comfortable and stable with the states authority. Citizens appreciate the traditional and conservative nature of the state. The size, once again, comes to play here, as change would seem more radical in a country of Tillorway's size. Few Possible Flaws:  Flaw #1: Global unawareness due to lack of global interconnectedness ·  Because of our size and our limited contact with other countries, we may appear unaware of the outside world and very conservative.

 Flaw #2: Lack of change and modernization due to traditional nature ·  Tillorway refuses to change its ways because tradition has scared its people. Modernization is frightening because citizens feel that it is unstable and could lead to a change in the effective state or in stable equality. Components of Political Economy Public Goods:  As Tillorway is primarily communist, everything is a public good. Luckily, this allows us to provide hospitals, schoolhouses and ships/transportation to Africa (and Africa only), all of which are possible due to our large central bank/state control and our small size. Social Expenditures:   Til lorway provides virtually everything necessary to our citizens. Social expenditures include universal healthcare and universal education, which would be impossible without the equality we offer and the states control over the economy. Tax System and GDP  Because all revenues are directed towards the government, Tillorway taxes its citizens indirectly. Wages come in, the government decides how much it needs to keep to function, and then it distributes the rest out. Taxes comprise about 51% of the GDP. Regulations   Tillorway will highly and specifically regulate the economy. The government will place regulations on how the economy should function (who should hold what jobs in the economy, when trades should be made, which economies should come into contact with Tillorway’s economy, etc.) and who gets what (i.e. no monopolies, etc.) Tillorway’s government completely regulates the economy. Central Bank:   The central bank of Tillorway is very strong, as it is under the powerful state. It has a lot of say in the structure and functioning of the economy. Trade:   We have a very strict trade policy. As Tillorway is very small and excluded, we do not wish to come into contact with huge world powers. We have found that we can have a successful economy without having to make trades with countries besides Africa, which we can get to easily and effectively. A Comparative Advantage in the Creation of a Particular Good or Service: As Tillorway contains extremely fertile land and contains the unique species of tree, the REM tree, we have an advantage over the wood industry. We manufacture wood in the form of firewood (slow burning and highly effective) and building wood (smooth and easily manipulated) which is very popular in Africa. The outcome of our political economy :

<span style="font-family: 'Courier New'; font-size: 24px; font: normal normal normal 7pt/normal 'Times New Roman';"> GDP/Capita: $818 <span style="color: #000080; font-family: STSong; font-size: 24px; font: normal normal normal 7pt/normal 'Times New Roman';"> GINI Index: 0 HRI: 2