Paul Farquhar
Legend
Waterdeep has trade west, to the lands WotC no longer talks about, as well as trade with the distant south, down into the Underdark and up into space. The whole of the Sword Coast is under Waterdeep's economic control - you do not need to fly a nation's flag to be part of it's empire. Baldur's Gate is a vassal state, and trades east. Waterdeep's naval fleet controls the seas. Waterdeep's culture and religion dominate the region. "The Lord's Alliance" is a synonym for "Empire of Waterdeep".But, we're talking about trade east FROM Waterdeep.