Economic and Social Council (ECOSOC)

Economic and Social Council (ECOSOC)

Topic 1: Ways to improve the economic resilience of landlocked and least developed countries in order to boost their competitiveness in international markets. 

There are many strategic disadvantages for landlocked and least developed countries (LDCs). On one hand, the lack of direct access to sea routes poses an obstacle to a plethora of countries since it increases the difficulties in trading regionally and internationally as well as the costs of importing and exporting goods. On the other hand, LDCs suffer from economic vulnerability, weaknesses in human resources, and have significantly high poverty rates. For this reason competitiveness and economic resilience are ‘unknown words’ for those countries. Moreover, there are countries that are both landlocked and least developed which aggravates their problems. However, those countries have economic potential due to their natural resources and thus the international community must make efforts in order to stabilize and promote the economic resilience of those nations with an aim to promote their position globally. However, there is a complex relation between those two factors. As the ECOSOC committee we must deploy possible ways through which we can guarantee both the promotion of economic resilience through political and economic stabilization as well as the promotion of their competitiveness in international markets.

Topic 2 : How can short term economic growth combat world poverty?

Economic growth is the increase in the capacity of an economy to produce goods and services. Economic growth is one of the most important factors in reducing poverty and enhancing the quality of life, of people and nations. Through this topic, the delegates will discuss on how economic growth policies can have an impact on poverty reduction. Economic growth is essential in order to eradicate extreme poverty (defined as people earning less than $1.25 per day) by 2030. Economic growth is the key to progress, and critical in order to achieve the Sustainable Development Goals (SDGs). However, in order to reach such a goal, it is important to look upon the potential challenges to having well-functioning labour markets, tackling unemployment issues, eradicating gender inequalities, raising environmental concerns, promoting financial inclusion, to name only a few.

ECOSOC Study Guide: ecosoc_sg_en_final-1