Benjamin Prensky

12/17/00

ECOFIN Topic #1

Representing the Empire of Japan, we feel that it is mot beneficial, being a developed country, to give needed aid to those developing countries that request funds and aid from the UN committee ECOSOC. This process would not only help the developing countries yet also help those countries that support the developing countries.

To do so, a series of regulations and rules must be applied so that both sides, being the developed countries and the developing countries, as well as the UN are jointly involved in the process of giving financial and economic aid. Also it necessary to lay down a foundation which allows the developed countries as well as the developing countries to benefit from our actions. My country proposes a program, which would allow equal satisfaction for all countries and organizations involved:

First, the country requesting financial aid must be a member of UN, as well as a third world country according to DISECT and ECOSOC jointly. The country must have fully functional and reliable government, to be determined by the UN.

Second, the developing countries will be assigned willing supporting countries, so a majority of exports will be sent to these countries. The supporting countries will be determined by the geographical location in relation to the developing country. The supporting countries will be asked to loan money to the developing countries and in return receive a tariff deduction benefit from imports from the developing country after the first year of the program. The supporting country will then become a major import partner of the developing country if wanted, after the second year of the debt relief program. To become a member of the debt relief program, the developing country must show declining unemployment rates in the past two years, as well as for the future to be annually audited by and ECOSOC sub-committee.

For developed countries to become supporting countries, yet be secured from a possible collapsing of the economy in a developing country, the developed country must be an active donor of an economical aid program such as ODA, official development assistance, or other non-government run program, approved by ECOSOC. This allows developed countries to contribute financial aid towards developing countries and to help increase exports as well as lower unemployment rates. This makes the developed country is an active supporting country able to trade with the undeveloped country while not loosing any money.

The country asking for aid must pass a bi-annual inspection made by a sub-committee designated by ECOSOC. The inspection will include declining unemployment rates according to amount of funds or debt relief given to the country, as well as records for profit made of exports as well as imports. The country also must have recommendations from supporting countries economical advisors. Inspection of military bases will be conducted to be sure that given funds are not being used to upgrade military weapons.

Finally, countries wanting assistance from ECOSOC must apply and re-apply for debt relief or economic aid and council every 5 years. Upon approval the World Bank and/or the International Monetary Fund, IMF, will give a determined amount of funds to the developing country.

We feel that this program will adequately be sufficient for both developed countries and developing countries. The program insures safety for both developed and developing countries so that highly indebted poor countries can.

Benjamin Prensky

12/18/00

ECOFIN Topic #2

Tariffs exist to secure economical safety for countries. Tariffs though not beneficial to the importing country or company, also puts its own tariffs on incoming products. In the end nothing is dramatically changed, and therefore it is not necessary to remove tariffs. Tariffs are most beneficial to those undeveloped countries to help boost their own domestic economy, by promoting home made items. The in effect lowers the unemployment rate and allows more exports and imports to come into the country. By the time the country has become fully developed economically, tariffs become just a regular security, but do not have the same results as before when the tariffs were necessary.

Tariffs, though, should not be used to sanction any country because of possible ramifications that could occur on the imposing countries. Economical sanctions most of the time does not fulfill there purpose and become ineffective. It is up to other committees; not ECOSOC or ECOFIN, to place sanctions on countries that do follow internal policies according to accepted international norms. It is for committees including the WTO; World Trade Organization to place trading sanctions, which are different than tariffs sanctions because they are more affective. For example, placing economical sanctions on a country like Iraq will only drive prices of oil even farther, not because Iraq feels like it, yet rather the tariffs are too high for poor countries to comply with.

Therefore it is not in our best interest to have the ability to place tariffs, as a sanction on noncompliant governments.