Mid-American Global Education Council

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EI. Economic Committee

A.      International trade and development (17a)

One of the UN’s many goals is to “”maximize the trade, investment and development opportunities of developing countries and assist them in their efforts to integrate into the world economy on an equitable basis.” In 1990, international trade totaled approximately $4 trillion, and has grown to approximately $24 trillion today. International trade is widely seen as a vehicle for international development, while development will help accelerate international trade. The UN must continue to encourage bilateral and multilateral trade relationships in order to further integrate member states into the modern economy. Delegates should consider the multifaceted and complex issues that arise with global trade while also recognizing the importance of developing equitable trade systems.  

B.       External debt sustainability and development (17c)

External debt is a growing issue that faces nations throughout the world. Global debt is $244 trillion, which is approximately triple the size of today’s global economy. Current debt and default structures have caused a disproportionate amount of this debt to be shouldered by developing countries who do not have the GDP to pay off their debts. Because of this, developed countries often use these debt burdens as leverage to exploit developing nations. Debt burdens will continue to stymie development in the states and regions that need it the most, and the UN must devote itself to resolving the global debt crisis. This committee should focus in on methods to help reduce the global debt while also being mindful on how to protect the sovereignty of each nation while doing so. What can the United Nations’ role be and how can it facilitate global cooperation to allow for growth in underdeveloped regions?  

C.       South-South cooperation for development (23b)

South-South cooperation emphasizes collaboration among countries in the southern hemisphere in political, economic, environmental, and social spheres. In terms of development, this framework emphasizes increasing trade, foreign direct investment, technological cooperation, and sharing of expertise. With emphasis on sovereignty and addressing inequality, there are many opportunities for bilateral and multilateral relationships to be established and bolstered. To truly integrate into the world economy, southern developing countries must be able to establish mutually beneficial relationships that are separate from those in the more developed North.

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