Demographic transition is starting to kick in, so developed countries will actually lose population. The lower the slider, the worse social and government corruption modifiers get, which can murder your economy. Bureaucrats cost a lot more in this mod (especially for communist nations), but every nation benefits from them. War in Europe is effectively suicide unless you are the EU, Anglo-French Kingdom, Imperial Federation, or a very comfortable reunited Germany. It is very easy to accidentally find yourself in a war with either the US or USSR after dowing a minor nation, and unlike vanilla, both nations start with hundreds of divisions already raised.
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