Lost Decade

The Lost Decade (: Dekade Hilang, : ꦢꦱꦮꦂꦱꦲꦶꦭꦁ​ Dasawarså Ilang), sometimes known as the Lost 80s, refers to the period of and a subsequent loss in  in Southern Kesh caused by the fall of East Ramay to Nilaist forces after the East Ramayan Civil War in 1981. Coined by SKECO general secretary Name McNamename in 1997, term originally refers to the period immediately after the fall of East Ramay and its transition to Democratic Ramay up until the bombardment of South Kesh by coalition forces in 199X in an effort to curtail the government ruling South Kesh at that point. In recent years, the term "Lost Decade" have been used in a multitude of ways in different settings by some commentators, including the "Lost 40 years" (1981-2021) by political commentators in South Kesh, as well as the "Lost XX years" in XXX country.

The cumulative southern Kesh economy contracted by nearly 40% in 1982 when compared to that in 1981, and from 1981 to 1995, southern Kesh's economy averaged at 0.89% growth annually. East Ramay's economy, the largest in the region, collapsed immediately following the ban on, severely impacting and  supplies throughout the world, causing the 1980-1981 bauxite and alumunium shock. South Kesh's GDP would never reach pre-Democratic Ramay levels any more, some 40 years after the cataclysmic collapse of the nation. Other southern Kesh nations such as Heiban, Cagayan, and Prabhat would not see their economies return to pre-1980 levels until XXX, in which an economic boom colloquially known as the "roaring 90s" occured.

As the collapse of the southern Kesh economies worsened, SKECO was formed in 1986 by Heiban, Cagayan, and Prabhat to coordinate regional economic and trade interests between member states, and a much more important goal of preventing such a massive economic collapse from ever happening again.

Causes
Southern Kesh, located at the convergence of major and, was historically a very attractive place for traders and merchants to conduct business. With the independence of former colonies such as Cagayan and East Ramay in the 19th and 20th centuries as well as the continuing growth of previously independent nations such as Heiban and Prabhat, the region became the centerpiece of the emerging trade networks between the heavily populated eastern Kesh and the newly-industrializing western Kesh and the already industrialized countries and states of western Artemia. Heiban was already a popular stopping point for merchants and traders on their way to west or eastern Kesh, and Prabhat was already known for its strong XX sector, with the Artemian colonies of Eastern Ramay, Tiberican Cagayan, and Meric Ramay turning in massive profits from commodities produced in the nation.

After the fall of most colonial empires after the Grand Campaigns in 1925, the states of East Ramay and subsequently Ramay gained independence, and thus began the period of sustained economic growth for these newly independent nations. The great Kesh War in the 1950s would prove to be a catalyst for the economies of southern Kesh, particularly East Ramay who remained neutral to both parties, supplying precious bauxite and alumunium for the war effort to the north of the continent. It was estimated that East Ramay was responsible for nearly 50-60% of all bauxite production in Anterra, enriching the nation from a massive. A liberalization in economic policies as well as re-investment in several war-torn nations such as Kodeshia propelled the Eastern Ramayan economy to explode in the 1950s and 1960s. Heiban, Cagayan, and Prabhat also benefited greatly from the war, doubling their economies between 1950 and 1960. Growing debt levels for all southern Kesh nations were also warnign signs given by promiment economists at the time, citing that a majority of countries in southern Kesh were taking in loans and debts which exceeded their capacity with the threats of uncontrolled inflation and the eventual contraction of in each respective country.

By 1975, East Ramay was the region's largest economy, closely followed by Heiban and Prabhat. East Ramay's GDP stood at 550 billion in 1980. In total, the region possessed a GDP of nearly 2.5 trillion at the eve of the East Ramayan civil war in late 1980. The third Cagayan Civil War which ended in 1980 was a spark for the East Ramayan civil war that lasted from 1980 to 1981 after a hotly debated and contested presidential election, as well as foreign interference and backing for the respective candidates. In the jungles, a political group known as the 'red warriors' which adhered to Nilaist thought, an offshoot of Volkovism developed by Sang Nila during his stay in the UPRZ. The group managed to overwhelm the country by moving the common peasantry which numbered around 2 million during the fall of Sragen on the 17th of October 1981. The date is most often seen as the 'death' of East Ramay and the period of increasing prosperity in southern Kesh. The red warriors, led by Sang Nila, declared the founding of Democratic Ramay on the same day they captured the former capital.

With a heavy anti-globalist and anti-industrial stance of the ruling party within Democratic Ramay, all forms of and modern  were banned in the country, being one of the few political entities in history to completely abolish currency. The exploitation and harvest of bauxite as well as the production of alumunium was therefore halted completely, causing the prices of bauxite and alumunium to skyrocket, in what is now known as the 1980-81 bauxite and alumunium shock felt accross the world. As everyone was required to live a simple agrarian and rural lifestyle, the economy contracted to a point of near non-existence, even impossible to tell how big as currency was non-existent. This caused a chain effect in southern Kesh and to a lesser extent the whole world, as East Ramay was a major trading partner of a lot of southern Kesh nations, as well as a notable partner in trade and business with some other Kesh nations.

Effects
Southern Kesh was very badly hit by the collapse of East Ramay, accompanied with rising debt levels and inflation. In a sense, the collapse of East Ramay was just a major trigger in the already flawed economic system the southern Kesh countries employed prior to the great economic recession. South Kesh would never equal the GDP or population East Ramay once had, and is one of the smaller economies in Southern Kesh as of 2021.

The evaporation of nearly all debts and money owned by East Ramay spiraled the region into a deep economic recession. With the debts of East Ramay automatically defaulting, many lenders felt the brunt of the collapse, and created a ripple effect within their own nations and areas. Investments and trade coming from East Ramay to other nations in southern Kesh were also halted completely, especially bauxite and alumunium. Prices of raw bauxite skyrocketed by nearly 200% and alumunium by 300%, as East Ramay was produced the majority of both commodities in 1979. The global production of and  were greatly reduced in 1982 and 1983 before a new source of both commodities could be found. As southern Kesh industires mainly relied on the production of the afformentioned products, the industrial sector of southern Kesh arguably took the greatest hit of the crisis.

Governments were in trouble of repaying their foreign debt, and a occured in some nations, eventually stabilizing in the 1990s. In 1986, SKECO was formed by representatives from Heiban, Cagayan, and Prabhat, to coordinate the economic and trade activities of southern Kesh in an effort to curtail any following economic crises or recessions. SKECO was able to coordinate successfully between member nations, and fought against the government in the country of South Kesh upon its creation in 1986. A healthy debt-to-GDP ratio had to be maintained by member nations, and the elimination of tariffs was conducted in 198X.