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Founded in March of 2007, A World Power was once one of the largest regions in Nationstates, and is currently re-building to its former glory! We as a region hold no specific political ideology, but nations organise themselves into Great Houses of likeminded individuals. The leaders of the three largest Houses form a Triumvirate which is responsible for leading the region. We believe in open elections for all citizens of our region and operate a one of the major defender forces in the game, which protects regions across Nationstates from invasion.

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Foreign Investment
Topic Started: 6 Nov 2008, 00:19 (88 Views)
Numero Capitan
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As the Leaf seeks new shareholders an interesting issue has been raised. Whether it is legal, or whether a precedent should be set, for non-citizens to invest in regional businesses. Karputsk, a visitor from New Sorvun, who are essentially allies with us through FRA membership enquired on the issue.

I'm interested to know, what do fellow members of the Northern District Assembly think about this issue?
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AmericaXLI
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I think it is good, I am fine w/ people from other regions investing in it. This would increase growth of our economy and even members.
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Numero Capitan
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I agree, it would be good for ambassadors to have incentive to get more involved and build up capital in the region.

I have amended the Market Rights Bill to provide for foreign investment. The bill is ready to be submitted to the Senate by the Northern Senator :D
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It is very interesting. Is there any means we can invest in other regions, inter-regional trade is possible surely.
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Numero Capitan
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Nov 8 2008, 02:49 PM
It is very interesting. Is there any means we can invest in other regions, inter-regional trade is possible surely.

New Sorvun might have an economy, they would probably be our best bet :)
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Karputsk
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Numero Capitan
Nov 8 2008, 11:46 PM
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Nov 8 2008, 02:49 PM
It is very interesting. Is there any means we can invest in other regions, inter-regional trade is possible surely.

New Sorvun might have an economy, they would probably be our best bet :)

It might be a while, me and another Senator are having a massive debate on whether there should be a single Nationalised Bank or there should be an open Market where the National Bank performs more like Modern examples such as the Bank of England. Kinda back and forth.
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Liberty987
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We would have a nationalised bank, only what would peopl;e take out loans for
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Karputsk
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Good news!

I am seeking a compromise. :P
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Numero Capitan
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Karputsk
Nov 8 2008, 05:46 PM
Good news!

I am seeking a compromise. :P

Sounds good, I'm sure AWP would be interested in working out an exchange rate too if a currency is set up in New Sorvun. As long as we both have active Commerce Ministers or officials then it shouldnt be too hard!
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Numero Capitan
Nov 9 2008, 05:18 AM
Karputsk
Nov 8 2008, 05:46 PM
Good news!

I am seeking a compromise. :P

Sounds good, I'm sure AWP would be interested in working out an exchange rate too if a currency is set up in New Sorvun. As long as we both have active Commerce Ministers or officials then it shouldnt be too hard!

I am sure that some (AWP) businesspeople would be happy to set up a private exchange house, earning money themselves in both currency's and offering a floating exchange rate, selling one currency on one board in return for payment on the other board; the rate could be fixed by the neccesity of having enougth to sell on either side.

.......

From what I can see New Sorvun does not have a economy, there is no sign of a bank,currency,shops or investment...

.............
Made enquiries on the FRA forum, apparently Romenoch is working on something in december. Big Island Nation.
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Karputsk
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New Sorvun is currently in the processing of passing an amendment to the Constitution which will outline the Economic system. We have just come to a compromise over the Banking system and hopefully it should be up for vote in the Senate Hall (the last stage of Parliament) soon.
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