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Economy of Sunda Raya
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|Economy of Democratic Republic of Sunda Raya|
|Fiscal year||1 January - 31 December|
|GDP||$293505 (Q1 2015)|
|GDP growth||320% (Q1 2015)|
|GDP per capita||$11740 (Q1 2015)|
|GDP by sector||
|Inflation||0% (Planned Economy - No Inflation)|
below poverty line
|Gini coefficient||0.0003 (very high equality)|
|Average gross salary||$11740|
|Average net salary||$11740|
|Main industries||Rice, corn, cotton, palm oil, salt, timber, machinery, robotics, media, software|
|Export goods||Robotics, electronics, softwares|
|Main export partners||Indonesia|
|Import goods||Agricultural products, garments, steel products, utilities, petroleum, electronics|
|Main import partners||Indonesia|
|Budget deficit||-$34222 / -0.17% of GDP (Budget Surplus)|
|All values, unless otherwise stated, are in SDT|
The Economy of the Democratic Republic of Sunda Raya was based on a system of collective workers ownership of the means of productions, collective farming, industrial manufacturing and decentralized democratic planning. The economy is characterised by workers democratic control of production, and collective ownership of industrial assets.
From April until July 2014, the economy of Sunda Raya was socialist oriented market economy. This economic system was adopted in order to increase the productive forces as large as possible. Under the socialist-oriented market system, the market was given prominent role in the economy although it was strictly regulated by the government.
This socialist-oriented market economic system, however, is proven to be failed. according to the self-critics of the Supreme Workers Council, it had caused many crisis such as scissor prices crisis, where the prices of industrial and agricultural goods diverged, and market crisis.
The NEP (New economic Policy) was enacted in Sunda Raya from 20 April until 28 July 2014. This policy gave the private sectors larger role in the economy. During the NEP era, the private enterprises increased and grew alongside with the collectives. the NEP was an example of "state capitalism".
The NEP, which was enacted during the socialist-oriented market economic system era, had slightly increased the GDP. However, it worsened the scissor crisis and caused larger gap between agricultural and industrial products prices. The NEP had caused serious social and economic inequality in Sunda Raya.
Decentralised Democratic Planned Economy
Due to the serious problems caused by the NEP, the NEP is now abolished by the Supreme Workers Council. Therefore, the complete decentralised democratic planned economy is now adopted consequently in Sunda Raya since 28 July 2014.
The latest economic system of Sunda Raya was decentralised democratic planned economy. Therefore, the workers owned the means of productions and democratically planned the productions. The basis of this system is workers democratic control and supervision.
The planning model of Sunda Raya's democratic planned economy was participatory planning. The planning structure of a decentralized planned economy is generally based on a consumers council and producer council (or jointly, a distributive cooperative), which is sometimes called a consumers' cooperative. Producers and consumers, or their representatives, negotiate the quality and quantity of what is to be produced.
The planning was carried out in the level of commune and above. Every workers had the right to be involved in the economic planning. The factory commitees were involved to facilitate the the participatory planning model.
Agriculture was organized into a system of collective farms and communal farms. Organized on a large scale and highly mechanized, Sunda Raya is one of the leading producers of grain products, although bad harvests caused by the NEP had temporarily necessitated imports and slowed the economy.
The massive voluntary collectivization of agriculture was then in progress. In the second quartal of 2014, there was significant increase in the agricultural products.
Manufacturing and construction account for 85% of Sunda Raya's GDP. After the abolition of NEP, massive voluntary collectivization of all industrial sectors increases the productivity which lead to the rapid economic growth up to 200% (Q2 2014).
Madura, one of the federal entities of Sunda Raya, is renowned for its salt making industry while other federal entities such as Natuna, and Pantai Selatan are renowned for its food processing and textiles industry.
Robotics and electronics were the major industrial products of Sunda Raya. Sunda Raya was well-known for its advancement in technology. The creative industry had the prominent role in the economy thanks to the People's Technology Development Agency (ARPT). Different from the creative industries in capitalistic countries, the creative industries of Sunda Raya belong to the workers. Therefore, every production is planned democratically by the workers which every of them is also innovator.
Moreover, every industrial sectors has its own scientist and in the recent development, every workers in Sunda Raya is also scientist. The aim to abolish the contradictions of physical labour and intellectual labour is always the aim of the whole proletariats in order to achieve the higher stage of socialism.
Foreign Trade and Currency
Largely self-sufficient, Sunda Raya traded little in comparison to its economic strength. However, trade with nonsocialist countries increased as the government sought to compensate gaps caused by NEP in domestic production with imports.
In general, agricultural products, clothing, and electronics were exported. Fuels, agricultural products, machinery, consumer goods, and electronics were sometimes imported.
The central bank of Sunda Raya was the People's Bank of Sunda Raya. The People's Bank controlled the monetary policy and regulate the financial institutions in Sunda Raya. It also had the authority to print and distribute the Duit, the currency of Sunda Raya.