You are viewing a single comment's thread from:

RE: LeoThread 2025-01-05 02:39

in LeoFinance5 days ago

Part 2/8:

From 2000 to 2014, Seram's economy flourished, primarily due to the surging prices of gold and oil on the international market. During this period, the nation capitalized on its vast reserves of these commodities, which were instrumental in doubling the country's wealth.

Interestingly, this growth fostered an economy heavily reliant on these resources, which accounted for approximately 90% of export revenues. The government became particularly dependent on oil and gold, with a significant 45% of its funding derived from these two sectors. The resulting economic prosperity bred complacency within the government, leading to a bloated and overly bureaucratic system responsible for 40% of all jobs in the country.