Economic Systems[]
There are three main economic systems which parallel economic systems during the cold war. There is the Free Market, Planned Economy, and Mixed Economy. Your economic system determines which policies you can enact and which superpowers you can ally yourself with. Economic systems can be changed by policy decisions and also prevent the use of many policies (primarily economic policies. Moreover, your alignment with superpowers will deteriorate over time if you have the opposite system.
- Free Market is the equivalent of a laissez-faire capitalist system. You can not zone special economic zones (even if you are an Asian nation), have Great Leap Forward, or even construct free houses or hospitals, however you can increase minimum wages or encourage foreign investments. Alienates you from the Soviet Union.
- Mixed Economy is the equivalent of a capitalist society with a healthy public sector as well. You can zone special economic zones (Asian countries only), have Great Leap Forward, or construct free houses or hospitals, as well as increase minimum wages or encourage foreign investments.
- Central Planning is the socialist economic system. You can do what Mixed Economy can, except to encourage foreign investments and to increase minimum wages. Alienates you from the West.
Effects of your Economic System[]
The only effect of your economic system is that it affects your relationship with the superpowers. It also prevents the use of certain policies.