Topic: Economics of Development
Country: New Zealand
Delegate Name: Sam Hostetter
School: Forest Hills Eastern High School
Topic page: background guide and all position papers All New Zealand position papers GLIMUN 2015 committees
In New Zealand’s early years, the agricultural sector thrived. The fertile and open land catered to our developing nation in need of early GDP. This prospect of early GDP is a much larger question for many developing nations without fertile agricultural opportunities. The dilemma of early economy depends largely on the resources available to the nation and the willingness of the government to utilize these resources. Early economies also rely heavily on established infrastructure, such as roads, transport, buildings, and communication. This infrastructure can be difficult to enact early on, as it requires large amounts of spending from either the government or private sector and it requires the probability of a return on investment. New Zealand believes that government action concerning early infrastructure and specialization of resources are necessities in a developing economy.
New Zealand prides itself in developing from a trade colony owned by Great Britain to a strong, dynamic player in the world’s economy. With our service sector generating over two-thirds of annual GDP, New Zealand has specialized our resources efficiently and proudly boasts the second best economic environment to start and execute a business, mainly one in the service sector. One major part to this success is government transparency on economic developments. Nearly all New Zealanders have access to the national bank’s reports on monetary policy and financial stability. This citizenly awareness allows for a more educated public and a more informed society. New Zealand advocates this informedness to all developing economies, for a population that is aware of how their economy runs and how it thrives is more able to support it the best they can, just as New Zealanders actively participate in and work for the strongest aspect of our economy, the service sector. Additionally, we continue to develop our country's infrastructure to allow our domestic economy to run smoothly and efficiently. The National Infrastructure Unit, started in 2009, consistently enacts projects to improve every aspect of infrastructure that holds up our economy, an aspect that can’t be ignored when building an economy.
To answer the world’s question of how to run developing economies, New Zealand hopes to reach a collective solution within the Economical and Financial Committee. Every nation is different, and therefore every economy is different. Yet there are similarities within these differences, such as geography, demographics or available resources, that larger nations share with developing ones. The EcoFin committee should allow these younger economies to advocate their strengths and reach a resolution that all can agree on.
