Topic: Economics of Development
Country: Germany
Delegate Name: Timothy Bennett
School: Forest Hills Central High School
Topic page: background guide and all position papers All Germany position papers GLIMUN 2015 committees
When it comes to the Economics of Development, Germany would be interested in revisiting the Millennium Declaration of 2000 and the progress of the Millennium Development Goals established by that declaration. These goals covered all sectors of development from sustainable resource extraction to ensuring gender equality in the workforce. While not all of these goals pertain to the Economic and Financial Council, they are valuable in making sure that the world is progressing in development, not regressing.
Aside from the Millennium goals, Germany hopes that this committee will address the need for developed nations to aid those countries that are struggling. This can be achieved through foreign direct investments to help stabilize a government’s economy. This method is beneficial for all parties involved, and knits nations closer together. We are a community, and we must act as such. We have a responsibility to better the world, and we must start by building bridges between nations.
The greatest struggle for any developing nation is establishing a stable market. Diversifying this market so that it remains sustainable is even more difficult. By introducing developing countries to modern economic practices, we may stabilize the world economy as a whole. Lowered import tariffs can help a market maintain stability, while diversification of an economy through labor reforms and business aid help to create a sustainable future for an economy. Green enterprises are of much value, for they prevent an economy from focusing on commodity extraction, and promotes the rise of industry and services. Germany hopes that all countries can achieve the stability that exists in our own nation.
