Ok, in my current game (I am playing as the Yor on a Giant size map) I have the most industry, and the most reaserch (3 reaserch reasorces), but my economy and my military are pretty week. Overall I am about 2nd overall. I am loosing alot of money because about a year into the game the event occured were there is a boom in everyones economy, and I used this increase in cash to finance tons of new colonies. I did this becasue I reasearch a few of the extreme world colonization techs before other civs, and wanted to rush a bunch of the juicy planets. Well the boom ends and I am loosing about 700bc a turn. Im loosing so much because I miscalculated how much I would be in the red after the boom ended and build too many industrial centered worlds compared to economic planets. Another reason my economy is so bad compared to others is because I was late meting alot of the other races, and the thalan, unlike me, used the economic boom to build a masive navy (they are right behind me in industry), and used to it to force a few of the other races into an economic treaties with them.
-This seems a like a bad situation, and was hoping some people could give me some tips on what I should do. Lukily some of the other Civs are at war with each other, and are too ocupied to take advantage of my relativly week military.
--My plan is to initiate a war between the Thalan and the Drengin (the two strongest military powers, and possibly other empires. While my economy isn't all that great I am also not paying the huge ship maintainance that the others are. I'll bide my time as the strongest militaries destroy each other, decreasing spening in military and social area, but leave research the same or higher. Hopefully I'll have time for some of my developing economic planets to offset my large number of industrial ones. By the time the major wars are over (again hopefully) my economy will be improved and ill be far enough ahead that I'll be able to defend off the larger militaries with my superior ships, eventually overcoming my enemies with superior techs + industry.
---My question is, is what I sugested a good strategy, and if not what else should I do or what should I do to improve it. I know that this is a stinking long post, and thanks to those that read it and help.