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: The Impact of Automation on Developing Economies
Automation offers many benefits to national economies, but it has started to cause problems for the working class worldwide. Developing economies, who lack the technology for automation, are unable to compete with the markets of developed countries.
Topic B: Evaluating the Merits of Foreign Direct Investment
Foreign direct investment (FDI) can have both positive and negative outcomes. While there are many treaties addressing FDI, there is nothing comprehensive, leaving room for corruption to arise.
Topic C: Regulation of Microfinance
Microfinance is a valuable way for low-income individuals to have access to financial services that would not be available to them at a traditional bank. However, microfinance institutions are largely unregulated, which poses issues for those who rely on them.
Sophie Peirano, ECOFIN Chair
1.) Use three adjectives to describe yourself.
Serious, sarcastic, and engaged
2.) What kind of food would you be? Why?
I would definitely be milk because I can add richness to things, but if I'm outside too long I'll go sour.
3.) What is your favorite SHSMUN memory?
During SHSMUN 2018, I was in UNODC, and I helped write a resolution for the last topic that insisted that the moon was made of LEDs and that Trump had a secret on and off switch. In addition, Mexico won the space race but let America have the glory in order to keep peace. It was the funniest thing I've ever debated and it really helped me connect with the people in my committee.
4.) What is your 2019 anthem?
My 2019 anthem is definitely Telephone by Lady Gaga and Beyoncé. It's important to let loose and have fun every once in a while!
5.) What is your favorite quote?
“You miss 100% of the shots you don't take -Wayne Gretzky" -Michael Scott