Topic: Economics of Development
Country: Lithuania
Delegate Name: Oscar Luna
School: Instituto Educativo Olinca
Topic page: background guide and all position papers All Lithuania position papers GLIMUN 2015 committees
Lithuania supports the idea of a country developing its industrial sector. When a country develops its industrial sector it gets benefits such as the creation of new jobs better paid than the jobs in the agricultural sector. Also, it creates a more skilled labor force when exposed to technological innovation and capable to absorb new technical processes. Besides that, it improves the technology of the country because of new investments made by domestic and foreign investors.
Although nowadays Lithuania depends more upon the services sector, knowing the importance of the industrial sector Lithuania since 1990 has designed economic policies to foster its industrial sector such as the privatization of state owned industries to allow private investor to bring new finance capital goods, technological innovations as to create a competitive market.
Lithuania also thinks encouraging the educational sector is a priority, because in a globalised economy it is necessary to have an educated and skilled work force to be able to use new technologies and adapt to technical changes as well as to compete with foreign labor forces.
Although Lithuania suggests improving these sectors, it is true that every country has specific necessities. For instance nowadays a barrier that Lithuania is facing is the high prices for natural gas imports coming from Russia. This situation increases production costs for goods and services. In order to solve this problem Lithuania must transform its energy sector. To do so Lithuania, along with other Baltic States, is going to build a nuclear power plant to ensure independence of their power industry.
To sum up, Lithuania believes that improving the Industrial sector (to create new jobs and improve wages) as well as providing better education (to be able to have a competitive work force) are key for every country for their economic development. So Lithuania invites all other countries to design economic policies according to this ideas.
http://www.nationsencyclopedia.com/Europe/Lithuania-ECONOMIC-DEVELOPMENT.html#ixzz3qvKeS4Eq
Gillis, M., et al. Economics of Development. WW Norton & Company, NY, 3th Edition, 1983.
https://www.lb.lt/macroeconomic_forecast
https://www.lb.lt/economic_developments_in_lithuania_septemer_2015_1
http://balticexport.com/?article=lietuvas-ekonomika&lang=en
