Bachelier Doctrine

The was an Aeldman economic policy of subsidized foreign investment, developed by Minister of Finance Eva "Tissa" Bachelier in the 450s A.U.
== Description ==
The Bachelier Doctrine emphasized foreign direct investment by Aeldman firms in developing economies, taking compensation in the form of production of semi-finished goods in order to prevent local currency depreciation. The policy claimed to stabilize currency demand by offsetting Aeldman exports with productive output from foreign countries, while preserving preferential status for the Aeldman supply chain.
== History ==
The Bachelier Doctrine was originally circulated in while Bachelier was serving as Aeldrum's Deputy Minister of Finance. The program was implemented beginning in by Serene Doge Manuel Emiir's administration, with leading destinations for early factory investments including the Orcish Directorate, the New Celestial Confederacy, and the Dwarf Kingdom of Druz. The policy had thousands of economic units behind it, but it was expected to take years before Aeldman investments would equal any sizable fraction of the massive export industries.
The new policy represented a substantial departure from the past 50 years of the Bareth Aefendt administration's Mervodan Doctrine, which emphasized sales to foreign powers and domestic-first economic development. The Bachelier Doctrine was criticized for "diluting Aeldman excellence" by supporters of "Chellanomics", which emphasized technology-first economic policy and called for Aeldrum's public talent to be unlocked through improved social mobility.
Category:Economics