Click HERE for the ECOFIN topic guide.
The Economic and Financial committee serves as the Second Committee in the United Nations General Assembly. It is tasked with decreasing economic burdens on nations and securing a stable economic system for the citizens of the world. During the current session, responsibilities include macroeconomic policy, global growth, sustainable development, and helping to increase commodity and capital commerce across borders.
Topic A: Economic Revitalization of the Gaza Strip
Due to a series of harsh economic blockades, the economy of the Gaza Strip is on the verge of collapse, threatening to further destabilize the already volatile region. A full economic recovery is necessary to achieving regional stability and prosperity.
Topic B: Economics of Disaster Relief
Between 2003 and 2013, natural disasters accounted for nearly $1.2 trillion USD in worldwide damages. Despite recent international conferences aimed at reducing disaster risk, many states still lack adequate infrastructure, both economic and physical, to reduce the impact of natural disasters.
Topic C: External Debt Sustainability
External debt levels have risen to unsustainable levels since the 2007-2008 financial crisis, threatening the foundation of the international economic system. Recognizing and responding to this growing threat will reduce the risk of a global debt crisis and ensure economic security.
Carter Smith, ECOFIN Chair
1) What are your hobbies?
Writing topic guides, tennis, video games, programming, debating, and, of course, correcting ECOFIN to ECOFUN.
2) Why do you participate in Model UN?
One acronym: ECOFUN.
3) What would your theme song be?
“White and Nerdy” by Weird Al.
4) What is your favorite quote?
“Most people would say ‘the deets,’ but I say ‘the tails.’ Just another example of innovation.” ― Tom Haverford
5) What is your favorite SHSMUN memory?
In ECOFIN 2016, we were discussing global recession and nobody wanted to discuss austerity measures. I, on the other hand, really, really wanted to talk about austerity measures, so I ended up motioning for a roll call caucus probably four or five times before Rishab Jain, the 2016 ECOFIN chair, ended up allowing us to do a roll call caucus by chair’s discretion. Long story short, it was a major waste of time, and nobody had an opinion on it.