Topic: Sustainable Economic Policy
Country: Ukraine
Delegate Name: June Battjes
School: Williamston High School
Topic page: background guide and all position papers All Ukraine position papers GLIMUN 2015 committees
The reason sustainable economic policies are currently hard to maintain is because of the economic downfall our world has faced in previous years. Due to various factors, such as the failing of banks, governments have been forced to rely on hefty loans from other nations to sustain their national economies. These loans have rapidly added up and now contribute to the worldly debt of 59.7 trillion dollars that exists today. It is necessary that The United Nations create a strong resolution that sets up precedent for sustainable economics in our world that is attainable.
The Ukraine is highly interested in resolving this issue mainly because of the countries own worsening economic conditions. From 2003 through 2015 the Ukraine has averaged about 92077.55 USD million in external debt. After the collapse of The Soviet Union the Ukraine struggled to make the transition to a free market economy. The government was not strong enough to design and implement economic policies constructively. To make matters worse in 2009 the Ukrainian economy crashed again, forcing the country to except loans in which they are still unable to pay back. Due to inflation, the currency in the Ukraine depreciated causing banks to drain and close. The Ukraine has also been dealing with corruption, in which political figures steal large sums of money from the government. All of these factors contribute to the Ukraine’s worsening issues with debt and the economy, which need to be resolved.
The Ukraine proposes that The United Nations assist in creation of sustainable economic policies for countries that are struggling with economic issues. These policies would regulate things such as taxing, spending and the flow of currency. The Ukraine also requests that previous debt may be forgotten if the country in question is clearly in no position to pay. The Ukraine expects countries such as Poland and Italy to support their efforts.
