Due to the diverse nation-states that the Eurasian Federation is composed of, the creation of a diverse economic environments have been made possible and created a robust economy that is highly competitive, relatively independent, and self-sustaining. Nation-states which are highly industrial can depend on the others to provide it with raw materials which makes the Eurasian Federation the 12th largest exporter of manufactured and industrial goods like machinery. The Eurasian Federation's economy is self-sustaining in most of its sectors except for fishing due to the condition of the Black sea. Though boasting a self-sustaining agriculture industry, Eurasia's is still a major importer of agricultural products; these are those which are not domestically available in any nation-state. The AUE also boasts its vast agricultural sector which makes the country the 19th largest exporter for agriculture (major exports are tea, tobacco, buckwheat, corn and fruits like tangerine, hazelnuts, apples, and grapes).
Other exported products are from the following sectors: cereals, dairy, cotton, wine, mined products, energy and fuel, wood, jewelry, textiles, and other commodities. The AUE has a high export-import ratio and its only major imports are other agricultural products, spices, hardware and fish.
The GDP grew by 16.3% on 2003 which was the highest GDP growth for the country ever since its formation. The only major recession that the AUE experienced was during 2006-2007 when the United States collapsed. The Gini coefficint of Eurasia is at 0.39-0.40 while its ease of doing business index ranking was at 38 on 2009, 36 on 2010, 32 on 2011, 16 on 2012, and 9 on 2013. Unemployment is relatively low at 7.9%. The government used to have a policy which would have to conscript unemployed adults for more than one year into the military until they get an occupation again as a form of job guarantee to achieve full employment. This was turned into a law for the first time on 2000 as HR1-CL#0198: Citizen Support for Eurasia's Defense, was abolished on 2012 by HR3-CL#0049: Military Shuffle Act, and was readopted again.
Although the AUE heavily imports fish and other seafood, the local fishing industry is slowly being revitalized by the AUE through constant rehabilitation projects initiated to the Black sea but concerns are growing over the move for self-sufficiency since it could effect the international trade of fish. The shipping industry have been revived by the AUE after a costly project to upgrade the Great Dam in the straits of Dardanelles and Bosphorus. The controversial project allowed the passage of large ships through the narrow straits which were enlarged and made into a linear path artificially, a move which was criticized by environmentalists group.
Examples of minerals and rocks abundantly available in the country are: alunite, antimony, cobalt, chromium, gold, silver, chromium, copper, iron ore, mercury, manganese, molybdenum, lead, tungsten, uranium, titanium, and zinc.
Hydroelectricity is the main source of energy for the country although it also has a nuclear power plant with two operational reactors. Other modes of harnessing electricity is through biofuel, geothermal, natural gas and coal (planned to be shut downed by 2020). Additional nuclear reactors, hydro power plants, and geothermal power plants are being proposed to replace the fossil-fuel power plant. Dedicated solar and wind farms are also being planned for added revenue and to eradicate power failures in the country.
Further extensive researches for the expanded application, harnessing, and efficiency of solar energy and biofuel are being conducted. A controversial proposal that is still in consideration is the operation of a cemetery that would harness biogas from the dead using specially-constructed graves and coffins. So far, the project is still under debate due to moral and ethic reasons. If approved, the cemetery would be open for humans and animals; it is expected that most of the interred would be soldiers, inmates, POWs, as well as regular people and pets.
Transportation and InfrastructureEdit
Mass transportation for the public is offered by rail or by bus. Trains are the primary source of moving cargo and travelling by land especially when it is across nation-states, although coaches are also used especially for tourists. Trucks are usually limited to transporting cargo within nation-states only but with the completion of the Eurasian Freeway, truck usage across nation-states are now rising. It is notable that taxis are not common in the AUE except for Black Pearl City.
Road transport in the AUE is well-managed by the government. Traffic congestion during rush hours are being addressed by enlarging highways and by implementing a road space rationing policy. Some view motorcycling as a way to reduce congestion; motorcycles are allowed to lane splitting and using bus lanes. City buses have its own lane to accommodate faster and efficient transportation that would not be hindered by traffic conditions. The Philippines is collaborating with the Eurasian Federation to innovate and introduce its own rickshaw, the tricycle, to the AUE with environment-friendly engines.
The railway system of the country is very developed especially in the Caucasus region. Underground rapid transit systems are very popular for commuters. There are plans to expand the railway system to connect offshore nation-states such as Black Pearl City and Crimea to the Caucasus by rail.
Each nation-state has its own international airport that can accommodate large utility aircraft while some nation-states such as Georgia, Armenia, Azerbaijan, Crimea, and Black Pearl have at least two.
The harbors and ports of the Eurasian Federation are considered to be world class and of high maintenance. The upkeep costs for these harbors significantly reduces the net profit earned by the government from them.
Science and TechnologyEdit
The Eurasian Federation is currently conducting animal breeding especially on marine life. Recently, a special breed of Bluefin tuna was released into the Black sea. The country is also conducting plant breeding on oranges, potatoes, and even rice; it is hoping to successfully cultivate various fruits, cereals, nuts, seeds and peppers.
The AUE currently has ties with the Philippines, Thailand, Belgium, Switzerland, Sweden and Norway in engaging several scientific fields of study and research which would include robotics, electronics, genetics, biology, medicine, energy, environment, and even nuclear research.
A space agency has been established by the Central government. It is located in Higgs Town of the Western Area of Black Pearl city. It is currently operating satellites and are undergoing tests and studies to be able to have launch capability. If the review would conclude a good recommendation, then a spaceport with an operating launch pad will be constructed. The agency also has a department under the command of the Joint Military Command that operates military and spy satellites.
A project regarding lightning as a potential source of renewable energy is undergoing research. A sub-project of it is to study and artificially produce EMP, without the use of nuclear explosions, for military purposes.
A joint international project in researching the possible commercial use and mass production of bacteriophages is being spearheaded by the Eurasian Federation with its associates; the project would also conduct studies on drug resistance and how to combat them.