Topic: Economics of Development
Country: Spain
Delegate Name: Jacob Converse
School: Vicksburg High School
Topic page: background guide and all position papers All Spain position papers GLIMUN 2015 committees
There are three main sectors in a nation’s economy including Primary, which “involves the retrieval and production of raw materials,” Secondary, which is the manufacture of raw materials into goods, and Tertiary, which is the appointment of “services to consumers and businesses.” The flawless process of these three sectors working together is what makes a sufficient and sustainable economy. However, in many countries these sectors do not work together leaving parts of their economy underdeveloped, hindering on their economic potential. Those countries may be referred to as “developing countries,” where countries that are able to take advantage of their updated sectors are known as “developed countries.”
Spain is an example of a “developed country” as our exceptional production of raw goods, manufacture, and services contribute to our top GDP being the 16th best in the world. However, Spain’s economy hasn’t always been especially functional as the Global Financial Crisis of 2008 hurt us severely causing major businesses to go bankrupt and unemployment to rise. We solved this issue by going back to our roots in the primary sector by increasing production of raw materials, specifically in agribusiness. From 2004, Spain had managed to increase exportation of agriculturally based goods 95% by 2014. We were able to increase production in the primary sector due to our advanced infrastructure that placed 10th best in the world according to the “Global Competitiveness Report,” and just 5th in the European Union.
Spain believes that solution to economic development lies within the primary and secondary sectors. Providing developed infrastructure and technology to improve the production and manufacture of raw goods is key to a healthy and efficient economy. The developments are believed to result in a “trickle-down effect,” where secondary and tertiary sectors will benefit from increased demand of manufacture of raw goods and demand for services to teach proper techniques and procedures.
