In 2015 - Economics of Development

Topic: Economics of Development
Country: Denmark
Delegate Name: Nikolas Zazula
School: Vicksburg High School

Topic page: background guide and all position papers All Denmark position papers GLIMUN 2015 committees

The development of a nation’s economy largely depends on its environment. In order for a nation to establish a reliable source of income, and to construct a strong industry, they must invest in developing economic sectors that are relevant to their environment. This way, a country could benefit from its surroundings in the most reliable and efficient way, and grow economically with the use of available resources.

Denmark has found that it succeeds largely in the areas of human services, such as tourism, and utilizing manufacturing efforts of imported goods as important factors in the economy. WIth no significant resources for trade available in Denmark’s environment, the country’s economy was established on the manufacturing of imported materials, and other human services. Even though Denmark lacks the resources to be able to construct an economy around exporting materials, we have established one around importing them from other countries, and adapted to our surroundings.

The country of Denmark believes that governments can greatly influence their nation’s economy in both positive and negative ways. For nations that are struggling to develop a reliable economic sector, it is important to look at the availability of different kinds of resources, and take into account their market. With the aid of governments in providing vocational training and allowing the creation of jobs in areas that would be most beneficial to grow their nation's economy, developing countries can greatly influence the growth of their economy, and further the development of the country as a whole.