Economy of Willink

The economy of Willink is a prosperous, highly developed, market anarchist economy. Willink has led the region of Haven in GDP per capita since 2007, and is a member of the quadrillion club; nations with total GDP exceeding a quadrillion dollars. A territoriality vast continental nation with negligible defense spending, scant external threats, and no taxation or government oversight of economic activity, Willink features extremely high average incomes, exceeding 70,000 dollars USD, a highly diversified market covering a multiplicity of fields, an extremely robust banking sector that figures among the most profitable in the world, and a trade balance that trends toward equilibrium.

The Organization for International Economic Development (OIED), a global think tank and advocacy institution with offices across multiple nations and regions was founded and is based in Willink. Willink is also a member of the G5 and the G5 Petrol group, collections of the five largest economies in Haven by GDP and the five largest oil producers in the region, respectively. Major international corporations with global footprints based in Willink include the quadrinational defense consortium ARES Group, the Praetonian-Willinkian defense contractor Foster Wickner, the petrochemical consortium Fospontis Petroleum, the luxury and supercar producer Pangalos, the financial services firm Nkrí Group, and the retail corporation Fokus Holding Company.

The Willinkian economy features extremely high levels of diversification. In contrast with many other large wealthy post-industrial economies, Willink possesses vibrant primary and manufacturing sectors. With currencies linked to gold, no barriers to entry, massive, wealthy trading partners, high rates of capital accumulation, a world-class degree of division of labor leading to high levels of specialization and geographically-influenced comparative advantages, Willink has managed to avoid the trend toward offshoring by means of productivity-driven price deflation. Willink is a major exporter of goods, its most substantial export industries including consumer vehicles, oil and natural gas, minerals, medicine, metals, textiles, fertilizer, cannabis, beer and wine, financial services, consumer electronics, and military equipment.

History

The evolution of the Willinkian economy has been a key area of research for scholars, given the wealth of documentation, long historical record, and unique insights as to the development of global trade discernible by its early urbanization and close historic ties with neighboring states. Willinkian traders first encountered the Cohenian Kingdom of Amiltonsc and the Praetonian continent in the thirteenth century, according them early links with foreign lands in their immediate vicinity.
Main economic sectors

External trade and investment

Natural resources

Energy

Transport

Legal system

Currency