The Rise Of Australasia

Arthur wasn’t concerned about the stir caused internationally by Australasia’s unemployment figures, as he sought to minimize the impact of the economic crisis.

Seeing that the impact of the economic crisis on various countries was significant, this year’s export quotas were bound to suffer greatly.

On this basis, it was necessary to make certain policy changes. The first priority was to protect the workers and professionals, to stabilize the current unemployment figures in Australasia, and then to try and gain more benefits from this economic crisis.

How to reduce the domestic unemployment rate? It was essential to initiate major national projects.

For this reason, on August 3rd, 1926, the Cabinet Meeting on how to deal with the economic crisis was promptly convened, with all members of the Cabinet in attendance.

"Your Majesty, since July our export share has been steadily declining. The economy of European and American Nations won’t recover in a short time, we must prepare in advance to prevent enterprises from having to lay off staff when export shares significantly decrease," Prime Minister Roger reported to Arthur with a serious face during the Cabinet Meeting.

The comparatively low unemployment numbers in Australasia were due to the fact that the stock market crash hadn’t had an impact, and also because the banking sector was quite stable, meaning enterprises were minimally affected by the shock to the stock market.

But the economies of the European and American Nations had entered a slump and wouldn’t recover in the short term. In this situation, a reduction in Australasia’s export share was inevitable. @@novelbin@@

Grain and meat had always been the mainstay of Australasia’s exports, a reduction in export share meant the income of farmers and herdsmen would decline.

There were also a variety of industrial products, if an effective market couldn’t be found, it was inevitable for enterprises to reduce production capacity and lay off employees.

It was precisely when Australasia’s unemployment numbers surged that the Australasian Government would be put to the test.

"What plans does the government have?" Arthur nodded calmly and looked toward Prime Minister Roger, asking.

This was also a test for the government, as not everything could be handled by Arthur the Monarch; the government was the role responsible for advising and strategizing for Arthur.

"Your Majesty, due to your decree, our banking sector is still relatively stable. This means that enterprise layoffs won’t happen all at once, but will occur gradually as our export quotas shrink. Enjoy exclusive adventures from NovelBin.Côm

I believe we need to take two decisions.

Firstly, we should fully export industrial products to the Great Sultanate and the Philippines to assist them in building more advanced countries.

At the same time, we should also make contact with all countries suffering from the economic crisis. I believe there will be countries in need of grain and meat, ensuring that our grain and meat exports are not too adversely affected, protecting the income of our farmers and herdsmen.

On this basis, we must start major national projects, employing those who have been forced into unemployment due to layoffs in small and medium-sized enterprises, keeping our unemployment figures within a controllable range," Prime Minister Roger stood up and presented the plans he had already prepared.

"Tell me, what major constructions has the government prepared?" Arthur asked again with a nod.

"Your Majesty, regarding the North Water to South Project you mentioned, I believe the terrestrial projects can now begin," Prime Minister Roger replied respectfully:

In addition, our total mileage of railways and highways is far behind the European powers, and now is the best time to build railways and highways.

In the next few years, the scale of the industry should not expand too much. I think we should focus on increasing grain production.

If we can attract a large number of immigrants from the United States and Europe, our Capital Region development plan could be accelerated, allowing us to have a super-sized granary ahead of schedule."

Australasia indeed had many large-scale constructions to undertake, with each requiring tens or even hundreds of thousands of workers.

In the past, due to the insufficient domestic population, there were not enough workers to carry out such large-scale projects.

But now, the growth in unemployment numbers had become an inevitable reality. These unemployed people could be employed in large projects, meeting the national infrastructure needs, and providing them with an income to avoid starving during the economic crisis.

The North Water to South Transfer was a plan proposed by Arthur to solve the water resource difficulties in the Australian Region, aimed at transferring large quantities of drinking water from the water-rich New Guinea to the Australian Region.

Because of the sea in between, it required technologies like cross-sea bridges or undersea tunnels, which weren’t available with the current technology.

But this doesn’t mean terrestrial projects couldn’t be constructed. The tunnels connecting New Guinea and the Australian Region could be built once technology advances; after all, there is now an abundant workforce available, and with the government possessing ample funds, it isn’t impossible to start several large projects at the same time.

"What is the current situation in the United States and Europe? Can we attract a large number of immigrants from Europe and America?" Arthur continued to inquire.

The economic crisis had not only had a significant impact on the United States and Europe but had also accelerated the population outflow from Europe and America.

Historically, Europeans and Americans went to the Soviet Union, but now they have a better option, which is Australasia, very similar to Europe and America.