CommitteesGA Committees
ECONOMIC & SOCIAL COUNCILS
|
Economic and Financial Affairs Council (ECOFIN)Chairs: Michael Haskell & Guy Goren Email: [email protected] & [email protected] Topic A: Combatting Rural Poverty Rural poverty is not just an issue of economy, but also an issue of how the nations of the future will determine the success of their people. The people who make up the rural class tend to be poor, struggling, and in need of governmental assistance in the form of healthcare and subsidies. While in this sense they are a drain on the economy, they are also the backbone of many critical industries, and while their unskilled labor may be deemed as worthless and inconsequential, it is necessary for a nation to properly function. In order to ensure that citizens living in rural areas can continue to exist and to thrive, nations must strive to ensure their economic stability. Whether that comes in the form of subsidies, welfare programs, or direct charity based donations, these communities must be kept alive. Many people living in rural areas, especially in western nations in the Americas and Europe are under greatly increased economic pressure with inflation, poor housing markets, and the reduced demand for their generally unskilled labor. Because of this, most struggle to find stable employment, resorting to simple, low-paying jobs mostly in farm work. However, because in these western nations there are massive farming corporations, these farmers can never compete, resulting in the terrible poverty they face. Governments must find a way to reduce the monopoly major corporations have on food production and economic instability, all of which contribute to the poverty and destruction of the rural class. Topic B: Enhancing Global Fiscal Coordination Addressing issues related to Global Fiscal Coordination is a key priority for not only the United Nations, but also our advancing global economy. As our world continues to advance into the 21st century, a clear trend has emerged. While 1st world countries have continued to lead the world forward, 2nd and 3rd world countries have continued to be economically isolated, and have fallen further behind compared to their 1st world peers. Reasons such as Political Stability, Poor Infrastructure, Corruption as well as Sanctions have been some of the primary reasons why 3rd world countries have been unable to gain a foothold in the world economy. When 3rd world countries are economically disconnected from both their local trading partners and the global economy as a whole, they are unable to be economically productive – hurting everyone. Better integrating 2nd and 3rd world countries into the fabric of the global economy could not only help alleviate the problems that arise with poverty, but also expand global markets and innovation. Delegates looking to solve this problem should carefully consider how (and if) previous economic integration methods have worked, and whether drastic change may be warranted. By crafting effective committee resolutions that aim to eliminate the “discoordination” 2nd and 3rd world countries have with the global economy, Delegates in ECOFIN can play a pivotal role in improving the global economy for everyone. |