G-22 Galactic Economy Summit

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The Veolian Commonwealth, together with the Miomanian Colonists and the High Chiefdom of Skuldda, announced the first G-22 Galactic Economy Summit. This summit is centered on the Union's economic development, and trends and processes that are related to it.

The announcement invites speakers of all member worlds to submit abstracts, and offers three tracks for those interested:

• Macroeconomics: Intergalactic scale production and specialisation
• Financing: Investments, loans and financial instruments
• Interstellar Logistics: Transportation, both scaling and efficient

The summit will start the 5th of April, 2014, and will last for a month. The venue is Mirda.

The following worlds have sent delegations, several of them with notable politicians or public figures:

• Astai Republic
• Astrian Colonial Authority
• High Chiefdom of Skuldda
• Hiocan Society
• IO Protocol
• New Communist Imperium of the Rising Suns of Deominius
• Praetorian Empire
• Sundarian Federation
• Teprogrenaian Consensus
• Unified Republic of Darya
• Veolian Commonwealth

Due to security concerns the summit was opened a day late, on the 6th of april 2014. The unexpected larger number of visitors to the capital of Mirda proved too large to handle by normale security measures. Several military units have been deployed by the Veolian Commonwealth to ensure the continued safety of the delegations to the summit.

The keynote talk was given by Cror Burchi, a renowned economist from the Confederacy of Excaria. He spoke about comparative advantage.

The macroeconomics track features speakers talking about intergalactic scale production and specialisation. The programme for the track is:

• Labour Pricing goods valuation and tax correction
  “This talk will present a fundamental approach to valuation of tradable goods, including corrections for Union taxation. The valuation will be shown in practice through a real-life use-case.” (Dr. Dhana - Mirda Center for Applied Economics, Veolian Commonwealth)

• Pricing based on return of investment
  “Danar Disentris will show what the Return on Investment is on products and how this can be used to calculate prices.” (Danar Disentris, Speaker Miathan Consult for Economics - Miathan High Economical Consult, Teprogrenaian Consensus)

• Tax N-set estimation
  “In this talk, we will present our findings on the estimated welfare impact and taxable values of tax sets other than the traditional sets.” (Dr. Sampatti - Mirda Center for Applied Economics, Veolian Commonwealth)

• Commitment, focus and timing are the key factors in mass production
  “Zatiri Ferumdra will explain the need to focus the Union economy on mass producing one or two products per faction.” (Zatiri Ferumdra - Omnipotari Corporation, Praetorian Empire)

• Natural aptitude and eduacation in the production process
  “Dr Alkaev will explain how using the natural aptitude of a race and enhancing that with good education impacts production.” (Dr Anna Alkaev - Unified Republic of Darya)

The financing track features speakers talking about investments, loans and financial instruments. The programme for the track is:

• Introducing the Baltimorus & Salaha Union Economic Index
  “We will present the Baltimorus & Salaha Union Economic Index and explain how the index is derived from publicly available economic data in all Union Members.” (Salaha Mahatvapūr - Baltimorus & Salaha Management Consulting, Unity City)

• Flat-fee loans based on zone production disparity between systems
  “We will discuss the benefits and drawbacks of flat-fee loans based on zone production disparity. We will explain the seemingly high interest rate based on a recent use case of loans between the Veolian Commonwealth and the Astai Republic, where interest was as high as 75% over a period of 50 .” (Asamānatā Pyara, MSc - Dewa Parivāra University, Veolian Commonwealth)

• A new investment model: Undeveloped zone leasing
  “In this talk we present a new investment model based on the temporary leasing of undeveloped zones. We will show that this model is beneficial to both the investor and the investee, and that the model has enough flexibility to appeal to both starting and established economies.” (Asamānatā Sukhada, MSc - Dewa Parivāra University, Veolian Commonwealth)

The intergalactic logistics track features speakers talking interstellar transportation, both scaling and efficient. The programme for the track is:

• Optimizing fleet trade using a bozzy spine trade hub
  “Orlandazi Fundamixo will explain the power and benefits of building a trade hub on the bozzy spine that connects 10 Union factions.” (Prof. Dr. Orlandazi Fundamixo - Praetorian trade department, Praetorian Empire)

• Union-wide holonet relay coverage, or "The rise of the net"
  “The current shift from generalized transportation to specialized transportation of information-based products has dramatically increased the holonet coverage within the Union. We will present an up-to-date map of the holonet backbone infrastructure, and analyse the possibilities for improvement on a Union-wide scale.” (Dr. Sanjāla - Kilan University, Veolian Commonwealth)

• Better supply chain management ensures economic growth
  “Supply chain management (SCM) is the management of the flow of goods. It includes the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. Interconnected or interlinked networks, channels and node businesses are involved in the provision of products and services required by end customers in a supply chain.” (Neomi de Savony - Sundarian Federation)

During the closing ball, several representatives socialized and danced. Some people of note attended the ball, in a personal or representative capacity.

Merchant Aosen of Hiocan Society was seen dancing with Lady Susri of the Veolian Commonwealth and seemed to have a good time exchanging tidbits of cultural insight. The teprogrenaian diplomat Danar Sylvia shared a dance with professor Tenek of the Hiocan society, though his old age did not work in his favour and he had to excuse himself from further dancing.

Dana Lantria Asillion, a high-ranking member of the Bluethread Financial Group, was seen dancing in an unexpectedly intimate manner with the veolian empress Saret Neferti. After dancing together the pair left the ball arm in arm, generating much speculation and rumour.