Economy of Tiperyn

The economy of Tiperyn is a  characterized by healthy manufacturing, agricultural, shipping and mining industries; a burgeoning financial services industry;  of utilities and certain strategically important industries; high income inequality and medium  depending on the locality. Tiperyn is considered to be an upper-middle income economy and the world's fourth largest economy with a  of $5.37 trillion. It is also the second largest economy in Artemia after Legantus and the second largest economy in the North-South Concordant after Kaya. However, Tiperyn is often described as an despite the country's large economic output and  status due comparatively poor performance in human development indicators—such as education and health.

Stagnation under the Apostolic-Plutocratic Complex, 1950-1983
The return of war in Kesh, while not as economically destructive as the Grand Campaigns, is generally thought to have been the start of Tiperyn's second era of stagnation during the 20th century. Reasons cited for a general decline are multifaceted. Conditions of wartime lead to the prioritization of heavy industries (particularly arms production) over consumer goods and removed a large portion of the population of Tiperyn's workforce and consumer base. This priority would continue post-war, despite a decline in heavy manufacturing and demand for arms as the Realm Guard demobilized and sent most of its heavy equipment into storage. Further, trade through the Eurybian—with the exception of some states in the Western Eurybian like Agrana y Griegro and Jungastia—was all but cut off due to ongoing trade interdiction and open naval battles in the east. Especially before 1956, trade figures plummeted steeply, further hampered by sanctions placed on Tiperyn by the League of Free Nations as a result of several confrontations with League ships in the Eurybian.

Additionally, wartime Tiperyn saw a new evolution in its complex of corruption between the First Apostolic Church and the nobility. Although the two co-equal pillars of the Tiperyn state derived much of their power from their historical wealth derived from land holdings and taxation, individuals within these two bodies did not play a major part in national-level economic planning or industry until the late 1940s and early 1950s. Until then, Tiperyn's economy featured a system of mixed central planning whereby the federal Council of Cardinals (acting in lieu of the monarch) set directives, benchmarks, and quotas in certain key indicators (for example, tax revenue, output in certain sectors, and number of large infrastructure projects) which were handed down to federally controlled entities (such as the Realm Utilities Coordinator) or duchy/principality governments who would more directly centrally plan to achieve federal and province-level goals. During the recovery period following the Grand Campaigns, this system allow for the rapid proliferation of infrastructure projects throughout the areas affected by war, as well as a national focus on the mass prouction of new consumer technologies. While the simultaneously decentralized and centralized planning was viewed by federal bureaucrats as inefficient at the time, it worked within the bounds of Tiperyn's highly decentralized political system. Plus, it had the benefit of shifting planning responsibilities from the federal-level to the state-level. Thus, while federal planning was goal-oriented and was in more direct control of certain areas—such as the national power grid, interprovince railways and roads, and shipbuilding—duchy and principality governments were given room to come up with their own solutions to quotas and the national direction.

However, in practice this hands-off system of planning, whereby lower nobility was simultaneously responsible for implementing economic policy largely unregulated by the federal government, did not result in 17 bureaucratic planning bodies as the federal government had hoped. Rather, the official economic bureaucracy of each duchy and principality largely acted as a front that distorted or even falsified figures to artificially meet the federal government's goals. The only exception was the Grand Duchy of Tipslan—the monarch's home duchy and the seat of the federal government—which operated as the "model" state with regards to central planning. In most other states though, individual nobles and clergy who controlled key industries, taxation, and the population itself

The stagnation in industries such as manufacturing and mining and an abrupt halt to the growth in the consumer goods and services sectors were largely the result of this new complex of corruption.

Economic reformation, 1984-2003
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