ARCHDEUS

NEW COUNT(3)

It took a short while for the merchant guild to search for the ideal home that Alex wanted to buy. So inevitably Alex has to extend his stay here.

Fortunately Alex brought his men like Merry and Alven. He also brought some servants from the House of Alexandreia so Alex was not too worried about staying for long in the capital. He also trusted Justin a lot in managing his territory. But it looks like Alex will have to find a new assistant because soon Justin will take care of a large enough area. At least his subordinates should be given some ease.

While waiting for information from the adventurer guild, Alex decided to devise some plans in his territory.

He used the workspace that Harol usually used during his time in the capital's mansion as his workplace.

Of course it was allowed by Harol with great enthusiasm. Until now Harol is still reuphoric because his son has become a ruler in a very strategic region.

Fortunately Alex had been Interim Governor in Canadia for two years so he knew the condition of the region both topologically and demographically.

Canadia, now the County of Alexandreia, was located in the southern part of the kingdom. This region has a superior sector in the form of port and excise services. Yup, in contrast to two other marquess namely Whitesburg and Hornwall who got the title of marquess because for years their territory became a buffer zone between the enemy country, namely Cephareae Kingdom, Canadia got her marquess title because she was the only region in the Kingdom of Artchania that had access to the sea precisely in the Kaltic Gulf. So for years, then, Canadia had been trusted as the guardian of the interests of the Kingdom of Artchania at sea so that at first the region was famous for the superiority of its naval power and even the only institution that had a navy where both the nobility even the government of the kingdom does not have it.

Unfortunately, with the passage of time and the transfer of the power of the ruler of the region to his descendants led to the shift of their military doctrine. Canadians originally adopted the Canadius Doctrine, a doctrine introduced by Marquess Eoric Gustavus Canadius, the first Marquess of Canadia to declare Canadia's defense doctrine as a coastal state was a region that emphasized the importance of the foundation of the strength of the combat forces at sea including the presence of warships, cannons with a wide range, offshore fortresses, and other weapons, and patrol boats.  But unfortunately this doctrine began to be abandoned by his successors who then focused on continental defense forces or infantry and cavalry which then made Canadia into expansionist territory.

Due to the weakening of Canadia's naval power, lately known to many pirates who often rob merchant ships.

While in the economic field, Canadia always rely on port fees and excise. Canadia also has a strong agricultural base. Unfortunately, since the presence of pirates and then the emergence of an outbreak that caused a decline in the population in the region made the economy in Canadia repeatedly recession.

That's why for a long-term plan, Alex is thinking of reviving the two sectors and certainly adding some other sectors.

Alex intends to master five economic sectors including the financial sector, service sector, manufacturing sector, construction sector, and agricultural sector.

Alex plans to create several companies engaged in the financial sector. This is to strengthen its influence in the sector. Alex's plan is that in addition to making a bank called Alexandreia Bank, he also plans to create an exchange that will be a place to buy and sell securities, making custodial banks, and insurance companies.

The planned establishment of the stock exchange will be named Alexandreia Exchange inspired by the weakness of the existing financial system. The conditions are the same as the reason Alex made a banking institution. That is because until now securities transactions such as stocks only occur in those who are at the top of the hierarchical. Usually, the venture company will directly buy shares of certain companies without going through an intermediary. This makes the financial market very narrow and there is no opportunity for the public to make securities transactions.  So the Alexandreia Exchange will serve as an intermediary institution in the secondary market[1].

Next up is Alexandeia Insurance. This is probably the first insurance company ever formed. The reason why this insurance company was formed was because Alex was aware of the business opportunities in this world that were functionally dominated by labor intensive companies[3]. That is, Alex can most likely collect profits if he requires all companies or entities to register their corporate employees or slaves in their insurance coverage.

As for the non-financial services sector, he will create companies engaged in three types, first shipping service companies, horse carriage transportation services companies, and labor agency companies.

The reason why he wanted to create a shipping service company was because he knew that his territory was the only region that had access at sea. So rather than he could only raise money from operating the port, it was better that he also entered the shipping service industry. In addition, in the absence of antitrust laws and market discrimination, Alex can use his power as a lord in getting a say in his own territory.

As for why horse transportation services and labor agency companies also exist, because they productively do not require high technology and tend to be cheaper.

For the manufacturing sector, Alex has made a long-term plan, where the company only moves on two things, namely the first shipbuilding and train company, and the second is the ATK industrial company. But the problem is that technology in the sense of machinery and labor in this industry requires high quality. In the world of Midgard, even the ATK industry had to need a magic machine to produce it, as a result of which in addition to needing an expensive magic machine, he also needed a rare magic technician. It's becoming very difficult to do at the moment but he's confident that in the future Alex can do just that.

Then there is the construction sector and the agricultural sector. In the construction sector, Alex has started by buying construction company Alexandreia Constructs, the same is also true in the agricultural sector. So he just needs to expand the business to expand his base in that sector.

While in the realm of regulation, Alex will create several agencies that will oversee and regulate the economy, especially those related to the monetary sector. That's why Alex formed a central bank called Alexandreia Central Bank. The institution will not only take care of monetary and macroprudential policies but policies along with microprudential instruments will also be entrusted to them. Then the establishment of the Bureau of Statistics and the Deposit Insurance Agency will also be enacted to create institutional credibility and transparency. But Alex may have to hold back a little because he himself is not sure if his subordinates can follow this line of thought.

However, with Alex's wild thoughts, he faced a dilemma that the population in his region had fallen greatly. The Canadian region has lost a population of up to 70%. That makes the area that was once inhabited by almost 150,000 people now only leaves less than 47 thousand people. Society is a very important factor in the economy. They are a much needed production factor in the wheels of business. A reduced amount of human resources can have an effect on the equilibrium price in the labor market or in other words, on the equilibrium price in the labor market, the price or salary of a worker will become more expensive in areas that have a small labor force.  Alex faces a severe dilemma as the region has just escaped the catastrophic outbreak, he believes there are not many people who want to migrate to this place so the option to invite expatriates and transmigrants may not be possible. That is what makes him use the last option, the use of slave labor. Because initially using slaves contradicted his idealism as archdeus, Alex also made some effective policies humanizing slaves. That was the idealistic background of the formation of the insurance company and labor agency that Alex built. He hoped, with both institutions were able to protect the slaves he would buy or at least almost like Alex's treatment of Rain who was legally Alex's slave.

Note:

A secondary market[1] is a financial market used to trade securities or securities that have been issued in an initial public offering.

Issuers[2] according to the Financial Services Authority, Issuers are parties that make public offerings to the public offering securities such as stocks, bonds, and proof of debt. Issuers can be individuals, companies, joint venture entities, associations, or organized groups.

labor intensive[3] (dense work) is a project development activity that uses more human power when compared to engine power.