Topic: Economics of Development
Country: Yemen
Delegate Name: Cameron Grogan
School: East Grand Rapids High School
Topic page: background guide and all position papers All Yemen position papers GLIMUN 2015 committees
With recent outbreaks of war within our country, Yemen, we are on the verge of economic collapse. Recently started this year in Yemen is a war between southern separates, loyal to the government of Abd Rabbuh Mansur Hadi, and Houthi forces, loyalists toward the former president of our country, Ali Abdullah Saleh. A third party in the war is also the muslim extremists, the Al-Qaeda, who have also made attacks with Yemen. Already 400 have died. The problem which is buried under all this chaos is yemen's economy.
Yemen’s main source of revenue through trade comes from oil. We only produce now about 25% of our GDP in oil, which leads to the problem that oil earns use 70% of our revenue annually. With fear of our oil running out, as well as our water running out within the next 20 years we are searching for other ways to stimulate economic growth within our county by trying to export other goods, such as natural gases. Our country has a high unemployment rate and our citizens are starving.
A possible outcome or solution to our economic problem is flourishing in mining for metals. Yemen has many valuable metals within it country and will allow our country to flourish. Many metals such as, copper, gold, iron ore, nickel, cobalt, and many more are located within our country. With our country focusing on the wrong subject of crude oil, we are ignoring the fact that Hydrocarbon exports accounted for 85% of the value of yemen exports and contributed 51% of yemen's revenue in the year 2013. If we focus more on mining hydrocarbon we can obtain a higher revenue to the government and also help unemployment rate.
Our goal is to produce more economic revenue by exporting hydrocarbon from yemen. Sense this has worked in the past and earned much of yemen's old revenue in exports then we shall try it again in order to keep our country from falling into economic collapse.
