ECOSOC

Economic and Social Council (ECOSOC) is an important part of the United Nations system, working towards economic, environmental and social development.

ECOSOC brings people and issues together to foster discussion and collective action.

Topics for discussion :

  • Increasing the Economic Viability of Renewable Sources of Energy
  • Combatting Currency Manipulation

 

IMF Director: Justyna Danilo

Justyna is a student of law at University of Warsaw, Poland. Her first MUN experience was in 2011 and ever since that time she took part in various MUN conferences both as a chair and delegate.
Her experience also includes representing the University of Warsaw at the Philip C. Jessup Moot Court Competition three times as well as organising conferences and international exchange projects by being an active member of AIESEC - the largest youth-run organization in the world.
Apart from all of that, she is a huge enthusiast of travelling and is always willing to share her stories with you.

Assistant Director: Rob Dykes

Rob Dykes, the assistant director for ECOSOC, is an Economics student at the University of York, entering his second year in September. He has attended a number of MUN conferences in his first year in the UK, as well as Harvard World MUN in Montreal but LVMUN will be his first chairing experience.
Rob is a middle/long distance runner, and is currently in the middle of fundraising for running the Athens marathon in November.
He spends some of the rare free time he gets reading or listening to podcasts, often about economics, politics and technology, topics he is very passionate about.

Increasing the Economic Viability of Renewable Sources of Energy

Even though, the role of renewable energy in the global energy supply constantly grows, there is still a long road ahead in meeting the world's energy demands. The main issues related to it are accessibility and affordability of renewable energy. Therefore, the two main question concerning the problem of increasing the economic viability of renewable sources are: firstly, how to reduce the costs of the new technologies in order to make them affordable for everyone, especially the poor rural areas. Secondly, how to find a healthy mix of the renewable energy sources that will ensure its maximum accessibility and efficiency. The debate will focus on answering these two questions by identifying the sources of the problem and finding possible solutions that could lead to creating a successful global energy strategy which will ensure the accessibility of affordable, reliable and adequate sources of energy.

Combatting Currency Manipulation

Currency manipulation made the headlines in 2016 when then President elect Donald Trump accused the Chinese government of interfering in the currency market so as to suppress the price of the Yuan. A cheaper Yuan (against the dollar) is of benefit to Chinese exports as it makes their products cheaper for US consumers to purchase. As yet, despite his promise to the contrary, Trump has yet to label China as a currency manipulator. There are however other forms of currency manipulation, conducted by nations other than China, both the United States and Japan have interfered in financial markets to change the value of their currencies in recent years. The US and others have also used aggressive monetary policy in the form of Quantitative Easing that some may describe as currency manipulation. The topic will consider ways banks collude to manipulate currency, particularly in light of the “Forex scandal”, which was the revelation that banks across the world were colluding to manipulate exchange rates. The debate will focus on identifying the problems, and where possible finding solutions to prevent different types of currency manipulation, with a focus on stability, jobs, development and justice.