ECOFIN: Balancing Financial Stability and Sustainable Growth in a Volatile Global Market

The Economic and Financial Committee, or ECOFIN, grapples with questions of economic growth and development, mainly focusing on global macroeconomic policy, taxation issues, sustainable development, globalization, and international trade.

With economic uncertainty gripping the Western world and volatility in countries central to the Bretton Woods system, global concern over financial stability continues to rise. This session of ECOFIN will examine the fragile balance between economic resilience and sustainable development in an era of market disruption. The first topic addresses the mounting pressures facing European economies amid recessionary trends. Delegates will explore the consequences of fluctuating tariffs, inflation, and trade instability on both regional and global scales. The second topic investigates the “resource curse” paradox—where resource-rich nations, particularly in the Global South, grapple with economic mismanagement, corruption, and underdevelopment. In examining this issue, delegates must consider the historical legacies of colonialism and the enduring impact of neo-colonial economic structures on development pathways.

Delegates will be tasked with crafting forward-looking strategies that promote equitable growth, economic justice, and global financial stability.

Topic 1: Navigating the Current Recession & Tariff Fluctuations in European Countries

Topic 2: Developing Strategies for Commodity-Dependent States Facing the Resource Curse

Note: ECOFIN will be a double-delegate committee.

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