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RE: LeoThread 2025-01-05 02:39

in LeoFinance5 days ago

Part 3/8:

However, this reliance on government employment highlighted the weakness of the private sector. Large businesses largely failed to emerge, and many smaller businesses found themselves tethered to government contracts or forced to rely on imported goods that could not be produced locally.

Moreover, Seram's infrastructure lagged behind—critical elements such as air transport, electricity, border crossings, education, and labor productivity were in dire need of improvement. With better infrastructure, the nation could have been more resilient to economic shocks.

The Bust: Economic Collapse and Aftermath