The Late Middle Ages are largely considered to be one of Oceanyka's most economically prosperous periods, as the continent reached a technological and social parity with much of its neighbours, even surpassing them in certain fields.
- As guilds and seafaring began to develop, Oceanykan merchants became more active in the global economy, displacing many European and Asian trade societies which had made unimaginable profits off importing and exporting goods from Oceanyka. Many of these profits were reinvested into the national economy, creating jobs and physical wealth in the form of infrastructure, developed estates and private ventures.
- Oceanykan luxury goods such as Southern velvet saw an enormous increase in demand, primarily in Europe, but also in Asia and the Middle East. Consequently, its continental production consistently grew, creating the basis for a healthy luxury goods economy. Many products from abroad such as fine China, Indian cloth and European colonial products (sugar, tobacco, silver, etc.) became available even to commoners.
- As the power of traditional Asian powers fell, European colonial powers replaced them as Oceanyka's primary trade partners, military suppliers and maritime rivals. However, it is undeniable that the rise of Europe in this time period was meteoric, so this relationship became increasingly unequal as the decades passed. Europe's preoccupation with its own grant continental wars served to prevent Oceanykan polities from falling to colonialism, though history would prove that this was borrowed time.
One can easily tell that towards the end of this time period it was Europe who posed the greatest existential threat to Oceanykan sovereignty, a threat which materialised in the Dutch Invasion of Australia. Following this conflict, Oceanyka began its slow descent into madness as, slowly but surely, once-prosperous states turned their efforts towards the establishment of a total war economy, definitive characteristic of the Economy of Revolutionary Age Oceanyka.