The Economy of Phaluhm Phoueck.
Phaluhm Phouecks economy was historically oriented towards British, American and Spanish trade. In the period after the Japanese invasion, it introduced isolationist policies which was kept until the late 1950s, when the Communist Uprising rose up. It focused mainly on American western policies, even after 1979. Phaluhm Phoueck entered SEATO in 1965, ASEAN in 1967, and APEC in 1989.
In 1979, as part of the revolution, Phaluhm Phoueck suffered a 4 week labour strike, as companies were ordered to fire anyone who is Christian. Fire, ambulence and police services shut down, shops, resturants and other services began to shutdown and most transport services gone bankrupt. Hamalisim caused the economy to boost from 21% to 86% production rate from 1973 to 1983.
Recent years Edit
Phaluhm Phoueck was hit hardest in the 1997 Asian Financial Crisis and the 2007 - 2009 World Financial Crisis. The economy was slow to develop after the crisies. As part of Rohna Neyghen key polices, is to solve the economy that was hit by two recesions. New government polices could see Phaluhm economy to grow 25%.
Oil and gas EditBattan Phaluhm Petroleum is a joint venue owned in equal shares by the Phaluhm Government and the Kaliybatan Group. It is the chief oil and gas production company in Phaluhm Phoueck. It also operates the country's only refinery. BPP large refinery has a distillation capacity of 86,000 barrels per day (13,600 m3/d). This satisfies the demand for oil in other places around the world.
Phaluhm's oil production peaked in 1980 to 1995 at over 500,000 barrels per day. Since then, it had to deliberately cut back to extend the lifetime of its oil reserves and to improve recovery rates. Petroleum production is averaging about 400,000 barrels per day.
Its main importers are ASEAN countries like the Philippines or IWO countries like Traspes. Other major customers are European nations and vice versa.
The traditional way of life in Phaluhm Phoueck is to plant agriculture. bananas, pineapples and mangos are commonly found at the hilly areas of Phaluhm Phoueck. Coconuts, bananas and mangos are also found at the coastal areas. Poultry production and fish exports totaled up to $34 million USD in 2000.