Developmentalism in Trenado
Developmentalism in Trenado is a recurring economic strategy that has been in practice since the Pato Pezzella administrations, between 1888 and 1908. The industrializing strategy has led to significant evolutions in the country's financial status, though it was also adapted to laissez-faire influences during certain governmental administrations.
Developmentalism is often defined as a theory that defends the use of a strong and varied internal market and high tariffs on imported goods, to favor less-developed nations. The definition of the word has been more flexible in Trenado, however, generally being related to the term angular development — coined by former Minister of Economy Simonetti Alves in 1962 — which implies a strong emphasis on positively-balanced exportations, mass production and investments in education to amplify future workforce. Although generally associated with Social Democratic mandates, it was a strategy frequently employed by the Libertarians when leading the nation's economy between 1973 and 2000.
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History
First Republic (1807–1932)
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Trenado's economic strength after gaining independence in May 1807 was strongly fragilized due to economic limitations imposed initially by the Spanish Empire, and the lack of recognition from countries in the international community. Thus, the Abraham Saabedra administration was remarkably dependant on trading and developing strong diplomatic relations with other countries, such as France and the United States.
