NationStates Jolt Archive

The World Assembly recognising that there is current international economic instability seeks to address the current problems by:

1) Establishing a "World Bank" with the purposes of:

a)Receiving Money from all WA countries that have a GDP greater than 20% of the average WA member nation GDP .
b)Receiving 2% minimum with no maximum of each WA member nation's GDP that meets the requirements set out in Article 1a.
c)Allowing countries who do not meet the requirement set out in Article 1a to make their own decision about contributions on a voluntary basis.
d)Using the deposits of the World Bank to assist in the development of any WA member nation that has a GDP lower than 20% of the WA GDP average interest free.
e)Allowing for the deposits of the World Bank to be released to any WA member nation not meeting the requirements set out in Article 1d for the purposes of development with an interest rate set at 2.25%.
f)Allowing the deposits of the World Bank to be returned to the depositor in the case of voluntary resignation.
g)The World Bank is forbidden from loaning money to any country currently at a state of war, or any country who will use the money to purchase weaponry.

2)Enforcing compulsory Interest Rates throughout all WA member nations set at:

a)For Nations with Economies at Reasonable or better interest base rates will be set at 3.5% for borrowing and 5.5% for saving
b) For Nations with Economies below Reasonable the interest base rate will be set at 2.25% for borrowing and 3.5% for saving

3)All current domestic and foreign protectionism measures are frozen at current levels for every WA member nation unless:

a)The protectionism measures are being reduced.
b)A domestic market is at risk of being flooded from cheaper foreign imports.

4)Multi National Corporations must pay at least 2% of all profits made to the World Bank for the same purposes as defined in Articles 1d,1e and 1g.



That is the Full version of the new proposal, i obviously think its a good idea... what do you guys think

OOC: You just brought this to debate, there is no need to bump it. It could be days before somebody has time or interest in responding to this proposal.

I'm not even certain that this proposal is legal. Care to comment, more experienced members?

This forum is slow enough that you NEVER need to bump. Stuff stays on the front page for weeks.

As for the proposal, it looks like it applies to different nations in different ways. It also makes assumptions about game mechanics in how it specifies interest rates and the like. It's crowding the limits of Optionality and Game Mechanics, but it might not quite cross over.


Don't we have something in place that prevents clause 4 from working? A 2% tax on corporate profits? Seems pretty damn excessive.


Economically, it's silly to think that a one-size-fits-all approach will work for everyone. Militarily, it's unenforceable. Overall, I don't think it's all that great a proposal, sorry to say.

i agree, however i'm interested in entertaining the idea.

certainly a world bank would better help organize all the revenue comming in from the WA General Fund. it cold then better apply that funding to different proposals who need it. however, ambassador, you plan on bring economic stability by taxing nations? i don't think that's a good thing. even the nations with horrible economies already in recessions? i don't think so.

a. says that it will recieve money from all nations make more than 20 percent GDP. what if a nation doesn't trust the bank and wants to keep it's assets at home? will there be reprecussions? will i be taxed more for refusing? i think not.

and above all this your taxing corporations!??!?!??!?!?!? it's fine if a nation taxes it's corporations, but if the nation taxes them, and now the WA will tax them, they won't have enough revenue to provide benefits. who knows, they'll start laying people off! tye are the ones who create jobs. making life worse for them is not the WA's job. this bank could be used for other purposes however this plan has so many flaws.

Wachichi

Allow me to be the first to say, "What economic instability?" The economy of The Rogue Nation of Flibbleites is humming right along as strong as ever.

Bob Flibble
WA Representative

Allow me to be the first to say, "What economic instability?"

Damn, you beat me to it, Bob. Gobbannium's economy is in as much trouble as usual, too.

On the subject of the proposal... No. Just no.

I agree with the idea of creating a world bank
but it should be decided on the countries wether they
want to put money in the world bank for economic stability.
I think that will solves some problems but also cause more problems
for countries thats struggling.
Countries shouldnt have to pay a interest or any fee for something they dont agree or want to be apart of.

agreed, my nations' economy is great. i think this world bank idea is good just needs to be applied to a different place or position and to be used somewhere else. North Ascension
if ever you want to speak to me about creating legislation on the World Bank, please feel free to telegram me at my nation's page. with this link:

http://www.nationstates.net/

i'm not sure it's the right link, if it isn't just search my nation in the World page. we can work on better applied uses for this idea of a World Bank.

best of wishes, hope you'll contact me soon.

maybe we can co-author a piece together.

Wachichi

The World Assembly recognising that there is current international economic instability seeks to address the current problems by:

This has been addressed, but I'll say it again: What economic instability? Two people have already said they're fine. Add a third to the list. We're doing just fine economically.

1) Establishing a "World Bank" with the purposes of:

a)Receiving Money from all WA countries that have a GDP greater than 20% of the average WA member nation GDP .
b)Receiving 2% minimum with no maximum of each WA member nation's GDP that meets the requirements set out in Article 1a.

You've already lost my vote. I doubt this world bank would be willing to accept Rutian vouchers. Also, think of the nations who may fit into this category that are on the barter system with no national currency. What exactly are they going to deposit. Their food? Animals? Other goods?

c)Allowing countries who do not meet the requirement set out in Article 1a to make their own decision about contributions on a voluntary basis.

Let everyone follow this. It's a bank. You shouldn't be required to put money in it.

d)Using the deposits of the World Bank to assist in the development of any WA member nation that has a GDP lower than 20% of the WA GDP average interest free.

So if my nation suddenly crashes, I can get money interest free? Can I just get those goods that I previously mentioned would have to be stored by nations on a strict barter system instead?

e)Allowing for the deposits of the World Bank to be released to any WA member nation not meeting the requirements set out in Article 1d for the purposes of development with an interest rate set at 2.25%.

So if I deposit money, I can't take it out without getting interest on it? Why would anyone want to use such a bank that won't give them back the money they deposited without having to pay interest on it? That's not a bank. That's just pure criminal activity.

f)Allowing the deposits of the World Bank to be returned to the depositor in the case of voluntary resignation.

I actually don't have a problem with this, however, if you're charging people interest to use their own money for stuff, then maybe records should be kept and the interest that the nation had to pay should be paid to them as well.

g)The World Bank is forbidden from loaning money to any country currently at a state of war, or any country who will use the money to purchase weaponry.

No way. To tell a nation that they can't get money because they're at war is, again, down right criminal. A nation has the right to defend itself and to use their money to put weapons into the hands of their military. There's also no way to enforce this. A nation could easily lie on the application for a loan. But again, if the nation put money into the bank, then it should be a criminal act to withhold that money from them. For whatever reason.

2)Enforcing compulsory Interest Rates throughout all WA member nations set at:

a)For Nations with Economies at Reasonable or better interest base rates will be set at 3.5% for borrowing and 5.5% for saving
b) For Nations with Economies below Reasonable the interest base rate will be set at 2.25% for borrowing and 3.5% for saving

Again, if a nation puts money into the bank, they should be allowed to take it out without interest. If a nation is truly taking out a loan because the money in their account doesn't cover it, then fine, interest can be used.

3)All current domestic and foreign protectionism measures are frozen at current levels for every WA member nation unless:

a)The protectionism measures are being reduced.
b)A domestic market is at risk of being flooded from cheaper foreign imports.

Uhh, no. I would hope that the ambassador is aware that nations do grow. Freezing domestic and foreign protectionism measures would harm every WA nation from those that are not part of the WA. They'd get stronger, we'd get weaker. So, this has to change.

4)Multi National Corporations must pay at least 2% of all profits made to the World Bank for the same purposes as defined in Articles 1d,1e and 1g.

Again, no. If this is a World Bank, then you have no right to dictate who puts in money and who doesn't.

All in all, this seems like it's a way to force capitalism on the WA. This World Bank comes off as a money lending corporation. Not a bank.

Paula Jenner - Rutianas Ambassador

Thanks for the feedback guys... it is a little excessive what i'm trying to do... I've never been accused of forcing capitalism on anybody but i do see the points you have raised.

I think this is the last time i shall write a proposal at 2330 after a long day at work

Thanks for the feedback guys... it is a little excessive what i'm trying to do... I've never been accused of forcing capitalism on anybody but i do see the points you have raised.

I think this is the last time i shall write a proposal at 2330 after a long day at work

I wasn't actually attempting to accuse you of forcing capitalism, but that the proposal was written in a way that it seemed like it.

In any case, if there were a well written World Bank proposal that dealt with those points I raised, Rutianas may very well support it.

Paula Jenner - Rutianas Ambassador