NationStates Jolt Archive


Debt Relief for Developing Nations

Greater Two Rivers
13-03-2007, 03:56
Greetings, members of the general assembly:

This is my first draft of a bill, although it tackles an issue which has been a problem for some time. In layman's terms, the issue is that a new nation who joins the UN is often put into an economic sinkhole because of the overabundance of anti-industrial resolutions that have been passed over the years. If the nation does not start already start off with a strong economy at it's birth, the UN resolutions effectively kill the little economy it does have. My proposal will help economy across the board, for both strong and weak nations alike, while at the same time remaining faithful to the environmental and human rights laws already enacted.

The bill follows thus:

Forgiveness of Foreign Debt

A resolution to develop industry around the world.


Category: Advancement of Industry


Area of Effect: Tort Reform


Proposed by: Greater Two Rivers

Description: In United Nations history, a multitude of resolutions have been passed that have hurt industry throughout the world. Whereas the member states recognize the aforementioned resolutions benefit the spread of democracy, human rights, and protection of the environment, it has also adversely effected the economies of developing states.

RECOGNIZING the current system has created an economic burden to developing member states wherein the states want to remain UN members yet are hurt monetarily by doing so. This has only increased levels of poverty in developing UN members, severely counteracting existing UN human rights law. Furthermore, developing states have become dependent on loans from industrialized nations to keep their economies afloat under UN guidelines.

BELIEVING that systematically removing anti-industrial resolutions to be a bureaucratic quagmire and a needless cycle of debate. Also believing the anti-industrial amendments to be wholly beneficial to the world in the long term...

PROPOSES to allow creditor states to set up debt forgiveness programs for developing states to eventually wean them out of poverty while at the same time developing industry that adheres to international law. The programs will be on a case by case basis to be set up between the debtor and creditor.

IN SUMMARY the proposed legislation will benefit industry worldwide, especially for fragile economies, by freeing states to use domestic product on their own industries instead of paying off foreign debt. These new industries will still maintain the environmental and human rights standards the United Nations has already created.

The Greater Two Rivers, on behalf of all developing states, would vastly appreciate support of this bill.
Hirota
13-03-2007, 09:28
Thank you for drafting the proposal, and putting it on here for scrutiny. Secondly, welcome to the UN.

First of all, the title seems a bit....cumbersome. I'll try and think of an alternative. Category looks alright.

I would try and write further, but I'm struggling to think of anything that could really benefit this draft - it's not really an area I know a great deal about.
Flibbleites
13-03-2007, 17:04
Category looks alright.

Bzzt! Wrong Hirota, Tort Reform deals with lawsuits, as this doesn't deal with lawsuits, it's not tort reform.

Bob Flibble
UN Representative
Ausserland
13-03-2007, 18:02
We'dlike to welcome the representative of Greater Two Rivers to the Assembly and commend his efforts on this draft.

On the category.... A tort is a civil wrong. A legally acquired debt is not a tort. What category would be appropriate? We don't know. We find the whole category system so annoyingly limiting on creativity that we try our best to ignore it whenever possible. :rolleyes:

As we see it, there's a fundamental problem with the draft. It has no effect at all. What does it do? It "allows" nations to establish debt relief programs. The problem we see is that this changes nothing. My nation can already set up debt relief programs if it wants to.

A worthwhile effort, but not something we could support as currently drafted.

Travilia E. Thwerdock
Ambassador to the United Nations
Retired WerePenguins
13-03-2007, 20:14
On the category.... A tort is a civil wrong.

And I thought it was a cake ... oh wait that's a torte ... "a cake made with many eggs and often grated nuts or dry bread crumbs and usually covered with a rich frosting"

Actually it's "a wrongful act other than a breach of contract for which relief may be obtained in the form of damages or an injunction"
Dancing Bananland
14-03-2007, 04:32
From a conceptual perspective, I really like it, but from a realistic perspective this proposal doesn't do anything. Truth be told, it totally lacks operative clauses.

What you have there works for a pretty good introduction, but I highly recommend working out an actual system of debt releif programs and eligibility, as well as insuring debt holding nations are not injured in the process of forgiving their owed money.

Often times, nations deep in debt are held afloat by debts owed to them, it can get very complex and requires much deeper analysis. Then again, I'm not great with economics, anyone here with more expertise?
Hirota
14-03-2007, 12:01
Bzzt! Wrong Hirota, Tort Reform deals with lawsuits, as this doesn't deal with lawsuits, it's not tort reform.Remind me to fire the member of my staff which gave me that priceless piece of misinformation.
Gobbannium
15-03-2007, 00:01
We welcome the intent of this bill, since it very much mirrors our thinking in producing out first proposal for the consideration of this august body. Regretfully, however, we must concur that it does not in fact require anything of anyone.