Topic: Economics of Development
Country: Bahamas
Delegate Name: Sydney Walters
School: Mattawan High School
Topic page: background guide and all position papers All Bahamas position papers GLIMUN 2015 committees
There are many ways in which governments help productivity and their economy. They separate their resources and capabilities into something called sectors. These sectors are separated into three parts. The first part is resource extraction. This includes agriculture, fishing, and forestry. Manufacturing makes up the second sector. Government’s support programs that further infrastructure and manufacturing to help their economy. The government also supports services that help promoted education and welfare; the more advanced the citizens of the country, the better the construction and advancement of the economy.
The Bahamas is a special kind of case in which their GDP depends mostly on tourism and banking. Most of exports in the Bahamas include special purpose ships, passenger and cargo ships, and refined petroleum. Smaller exports include coal, tar, and oil. The Bahamas relies mostly on the second sector of manufacturing, and some on resource extraction. The government constantly pushes forward economic growth and manufacturing.
Solutions to this problem vary depending on specific things. The Bahamas feels that development in all three sectors is important, but it’s more important to have relationships with other countries who excel in other sectors. It may not always be possible for a country to be able to succeed in a certain sector, but that doesn’t mean they should struggle with only one. A resolution the Bahamas believes in should include a plan where countries work together to advance sectors within their own countries, but also to help others by trading resources at a more financially capable rate. Countries should understand that education and welfare is a large priority sector, because it leads to other potential opportunities. The other two sectors’ priority should be determined based upon national means.
