The ECOSOC issues for AISMUN 2020 are:
Issue #1: The question of empowering indigenous people in developing countries in specific in Latin America.
Empowering indigenous people’s is a must for sustainable rural development,” The President of the International Fund for Agricultural Development (IFAD) once said. Indigenous people around the world are suffering and are in need of support. There are about 370 million indigenous people around the world which counts for about 5% of the world’s population. However, there are more than 800 different indigenous groups with a population of over 45 million in Latin America, making it the most concentrated region with indigenous population. Indigenous or native people, have no influence in their nation anymore and they no longer participate in their nations political and economic matters. They suffer from higher infant mortality rates than any other population and their life expectancy is up to 20 years lower than those of non-indigenous people. Indigenous people are able to preserve 80% of the world’s remaining biodiversity as they are well aware of ancestral knowledge. They are also experts on how to adapt, mitigate and decrease the level of climate and disaster risks. It is important for the world to empower these people, mainly in developed countries, if they want to ensure the safety of their planet Earth.
Issue #2: The Issue of the implications of currency manipulation in order to achieve economic objectives.
Currency manipulation is a really important and relevant issue that is discussed in the economic community around the whole world. It is when the government (or the central bank) buys/sells their country’s currency in exchange for foreign currency. There are several reasons why nations choose to do that but its implications are far more important. Currency manipulation may impact a nation in several ways, for example it can lead to inflation, higher rates of unemployment, and cause the rise of trade wars. This could also give the nation the power to raise the prices of the country’s commodities, therefore causing the nation to suffer as a whole. This issue has impacted several countries and organizations for example, the United States, China, and the International Monetary Fund (IMF).
Issue #3: Promotion of
access to financial services for start-ups especially micro and small businesses in third world countries.
Seeing that micro and small businesses are key to having a strong economy, the issue of encouraging financial services to help in the creation of such businesses is crucially important. Many people don’t realize the importance and the role of small businesses on the economy. However, these businesses create millions of job opportunities, thus improving their economic status. Countries such as Egypt have benefited greatly from small and medium sized businesses. Countries are in need of financial services, because start up businesses face many challenges when trying to adapt to the business environment. Many start up costs are required and businesses can fail to have sufficient amounts of finance to start up. Therefore, in order to increase the number of startups, microfinance providers and other financial services must help in the creation of new businesses. Consequently, more economies will be in boom.