FORUM: General Assembly Second Committee

QUESTION OF: Mitigating the international repercussions of the business on LEDCs

SUBMITTED BY: Kazakhstan
THE GENERAL ASSEMBLY,
Reaffirming the objective of multilateralism in hopes to achieving a universal, non-
discriminatory and equitable multilateral trading system that contributes to the growth and
sustainable development in all member states,
Recognizing the importance of the Doha Development Agenda and its aim to achieve major
reform of the international trading system through the introduction of lower trade barriers and
revised trade rules under the guidance of the World Trade Organization,
Emphasizing the objectives of the WTO, which includes implementing and enforcing rules for
international trade, resolving trade disputes and helping developing countries benefit fully from
the trading system,
Recalling the Marrakesh Ministerial Decision on Measures Concerning the Possible Negative
Effects of the Reform Programme on Least Developed and Net Food-importing Developing
Countries,
Reaffirming the outline of the document drafted by the United Nations on Sustainable
Development, titled, "The Future We Want",
Recalling its resolutions 56/178 of 21 December 2001, 57/235 of 20 December 2002, 58/197 of
23 December 2003, 63/203 of 19 December 2008, 66/185 of 22 December 2011, 67/196 of 21
December 2012 and 68/199 of 20 December 2013, all of which address the crisis at hand,
Reaffirming the need to work cohesively to meet development commitments towards the
achievement of the Millennium Development Goals,
Emphasizing the need to work collaboratively to meet economic interdependence between
nations in order to come to a common consensus on how to help Less Economically Developed
Countries (LEDCs),
Deeply concerned with some of the solutions that have been proposed during the Doha
Developing Round/ Conference committing all countries to negotiations opening agricultural and
manufacturing markets, as well as trade-in-services negotiations and expanded intellectual
property regulation, allowing the system to be fair, however not passing,
1. Emphasizes the importance of cooperation efforts towards the World Trade Organization
(WTO) and that the accession process should be accelerated without political interference
and transparent manner for developing countries, which would contribute to the rapid and
full integration of developing countries into the multilateral trading system in ways such
as but not limited to:
 a. strongly urges amendments to be made to the WTO code of conduct to allow
tariffs to be placed on the highest grossing manufactured products by More
Economically Developed Countries (MEDC),
i. requesting that tariffs are only to be placed on monopolistic goods,
ii. emphasizing the importance of fair trade needs to be promoted regarding
importing and exporting products (raw materials and manufactured
goods), to prevent further damages to be inflicted upon LEDCs who are
often hurt but the drastically low prices MEDCs pay for raw materials,
b. ensuring that employees that are laid off due to producers under pressure due to
competition from imports are filtered through a program ran by the WTO
ensuring that they can find job opportunities,
c. recommending all relevant nations to reform laws in order to strengthen women’s
educational and economic opportunities through specific enhancements such as,
but not limited to:
i. modifying existing educational systems in order to provide females with
more learning opportunities and thus expanding the potential workforce,
ii. reminding women specifically of their basic human rights pertaining to
employment if currently nonexistent,

2. Ensuring all MEDCs (More Economically Developed Countries) to discontinue the

unethical exploitation of LEDCs (Less Economically Developed Countries) by using
superior economic status as a pretext towards forcing other nations comply with trade
agreements under their benefit in free trade agreements ways such as but not limited to:
a. encourages all relevant intergovernmental organizations, such as the WTO (World
Trade Organization) and the WFTO (World Fair Trade Organization), to assist in
the creation and implementation of concrete guidelines to ensure equal and
fairness to all member states by strongly recommending fair trade in society in
ways such as but not limited to:
i. ensuring the guidelines are under the economic and social council acting
as a third-party organization,
ii. ensuring MEDCs don't exploit LEDCs by placing tariffs or quotas on their
manufactured goods,
iii. addressing the needs of civilian income and all the benefits that both the
country and the civilians with fair-trade in member states,
b. establishing a platform that is advised by the UN that ensures financial security
for LEDC’s in ways such as but not limited to:
i. exchanging information regarding the economic growth globally, but
specifically focusing on the growth rates of LEDCs in order to recognize
certain areas of growth that member nations need assistance with,
ii. holding summits to discuss and establish the level of economic funding
required by the nations unable to afford the cost of implementing more
 sustainable solvencies to counteract with the repercussions of the business
cycle,
c. regulating neoliberal institutions such as the International Monetary Fund (IMF)
ensuring that conditional loans are not exploitative of LEDC's;

3. Calls for the ratification and renewal of existing laws and legal codes pertaining to the
previous business cycles and the withdrawal of natural resources through ways such as
but not limited to:
a. establishing a monthly inspection system in which UN personnel can routinely
check in with member nations for their updates and status on the issue at hand,
b. creating a UN subcommittee or UN branch to assist in the re-enactment of
previous laws and regulations regarding fair trade agreements,
c. encouraging UN organizations to team up with the above mentioned international
regulation force to help determine the severity of each offense in relation to the
encouragement of tariffs and quotas on all foreign goods;

4. Calls for Member States to implement a Central Bank that acts independent of the
government but utilizes its power to achieve government provided goals for the economy
and should carry out the following, in ways such as but not limited to:
a. Strongly urging Member States to enact an economic policy without the influence
of political motivation and react accordingly to shifts in the economy in ways
such as but not limited to:
i. enacting an Expansionary Fiscal and Monetary Policy during times of
recession,
ii. enacting a Contractionary Fiscal and Monetary Policy during times of
economic expansion that has an inflation rate greater than 3%,
b. Regulating the commercial banks in ways such as but not limited to:
i. making sure they operate with appropriate levels of cash
ii. making sure they operate according to the rules of the national financial
system,
iii. conducting monetary policy through controlling the rate of interest,

5. Encourages other MEDCs to provide financial aid to LEDCs suffering from the damage
caused by fluctuations in the business cycle, since not only will this allow LEDCs to
develop more, but also allows MEDCs to protect business partners.
a. Provided funds to be directed to education, decent work and economic
development, industrial innovation, and the stabilization of economic and political
affairs within the LEDC,
a. MEDCs are further incentivized by the need to ensure stable, healthy, long term
economic and political relationships between nations,
6. Requests the allocation of funds to be provided for LEDCs to develop internal
infrastructure in order to further develop and promote local economies. Sources would
include the International Monetary Fund (IMF) and various non-governmental
organizations (NGOs) such as Kiva, Accion, and BRAC to financially support
unemployed or low-income entrepreneurs in less economically developed countries
(LEDCs) via microcredit and microfinance initiatives, with emphasis placed on:
a. encouraging unemployed entrepreneurs to collectively apply for group-based
microfinance, for the purpose of collective empowerment, 

b. ensuring that loans are used for purposes relevant to economic development and
employment through methods such as, but not limited to:
i. Requiring recipients of loans to issue an official annual statement
regarding their use of funds,
ii. Requesting Transparency International to fact-check and investigate the
authenticity of the aforementioned statements,