Tauland: Difference between revisions
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== Culture ==
The economy of Taulandt is a highly developed mixed economy dominated by family-owned conglomerates called Huizen. It is the 4th largest GDP in Asia and the 10th largest in the world. Taulandt is known for its slow rise but then a rapid rise in the 20th century as it turned its island and centuries of development and nation-building into effect creating one of the most highly developed and advancing economies in the world. This rapid economic growth is not seen as a miracle but rather the effect of centuries of state-building and wise investments combined with the nation's favorable geography, combined with its cultural position of being the place where east meets west. Taulandt still remains one of the fastest-growing developed countries in the world following the Great Recession. It is included in the group of Next Eleven countries as having the potential to play a dominant role in the global economy by the middle of the 21st century.
Taulandt's rigorous education system and the establishment of a highly motivated and educated populace is largely responsible for spurring the country's high technology boom and rapid economic development. Having almost no natural resources and a high population density in its territory, which deterred continued population growth and the formation of a large internal consumer market, Taulandt adapted an export-oriented economic strategy to fuel its economy, and in 2014, Taulandt was the seventh-largest exporter and seventh-largest importer in the world. Bank of Taulandt and Taulandt Development Institute periodically release major economic indicators and economic trends of the economy of Taulandt.
Renowned financial organizations, such as the International Monetary Fund, have complimented the resilience of the Taulandt economy against various economic crises, citing low state debt, and high fiscal reserves that can quickly be mobilized to address any expected financial emergencies. Other financial organizations like the World Bank describe Taulandt as one of the fastest-growing major economies of the next generation along with Indonesia. Taulandt was one of the few developed countries that were able to avoid a recession during the global financial crisis, and its economic growth rate reached 6.2% in 2010, a sharp recovery from economic growth rates of 2.3% in 2008 and 0.2% in 2009 when the global financial crisis hit. The Taulandt economy again recovered with the record-surplus of G$70.7 billion mark of the current account at the end of 2013, up 47 percent growth from 2012, amid uncertainties of the global economic turmoil, with major economic output being the technology products exports.
== Demographics ==
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