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Economic Crisis

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Economic Crisis
Economic and Financial
Committee
World Model UN 2012

Background Guide

Table of Contents

Letter from the Secretary General...............................................................................
Letter from the Under-Secretary General....................................................................
Letter from the Chair....................................................................................................
Introduction..................................................................................................2
History of the Committee...........................................................................................2
Topic A:
Statement of the Problem........................................................................................................3
History and Discussion of the Problem...................................................................................3
Current Situation......................................................................................................................8
Past UN Actions......................................................................................................................12
Proposed Solutions..................................................................................................................13
QARMA................................................................................................15
Suggestions for Further Research............................................................................................15
Topic B:
Statement of the Problem.......................................................................................................15
History and Discussion of the Problem..............................................................................16
Current Situation....................................................................................................................18
Proposed



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Web. 11 Oct. 2011. . “The Effects of NAFTA on U.S.-Mexican Trade and GDP.” Congressional Budget Office. Web. 09 Oct. 2011. . “EU Facts: The Single Market.” CIVITAS: the Institute for the Study of Civil Society. Web. 09 Oct. 2011. . “Euro Plus Pact: Ever Closer Fiscal Union.” Foreign Policy Blogs. Web. 11 Oct. 2011. . “Euro Still the World’s Second Reserve Currency: European Central Bank.” The Economic Times. Web. 9 Oct. 2011. . “European Commission: The EU Single Market.” EUROPA - European Commission. Web. 09 Oct. 2011. . “European Union Customs Union.” ENotes. Web. 09 Oct. 2011. . “Europe’s Debt Crisis.” The Wall Street Journal. Web. 11 Oct. 2011. . FDIC: Federal Deposit Insurance Corporation. Web. 11 Oct. 2011. . The Federal Reserve Bank of San Francisco: Economic Research, Educational Resources, Community Development, Consumerand Banking Information. Web. 11 Oct. 2011. . The Federal Reserve Bank of San Francisco: Economic Research, Educational Resources, Community Development, Consumerand Banking Information. Web. 11 Oct. 2011. . “The First 10 Years of the Euro: Success, Yes; Panacea, No.” Asian Development Bank Institute. Web. 09 Oct. 2011. . “Foreign Policy: In Crisis, Euro’s Weakness Is Exposed.” NPR : National Public Radio. Web. 11 Oct. 2011. . “Full Free Movement of Caribbean Nationals by the Year 2009.” Jamaica Gleaner News Online. Web. 09 Oct. 2011. . “The Great Latin American Debt Crisis: a Decade of Asymmetric Adjustment.” Web. 11 Oct. 2011. . Halpin, Padraic, and Carmel Crimmins. “Ireland Austerity Plan Draws Skepticism.” Reuters.com. 24 Nov. 2010. Web. 11 Oct Harris, Paul. “Rioters Shatter Bush’s Hopes of Forging Free Trade Coup.” The Guardian. Web. 09 Oct. 2011. . “History of the WTO/GATT System.” Agricultural Issues Center. University of California. Web. 9 Oct. 2011. . “Inter-American Trade Report.” National Law Center for Inter-American Free Trade®. Web. 09 Oct. 2011. . International Monetary Fund. Web. 11 Oct. 2011. . “Ireland Austerity Plan: Higher Taxes, Fewer Benefits.” CNN. 24 Nov. 2010. Web. 11 Oct. 2011. . “Issues Brief - Globalization: A Brief Overview.” IMF -- International Monetary Fund Home Page. Web. 09 Oct. 2011. “Issues Brief - Globalization: A Brief Overview.” International Monetary Fund. Web. 09 Oct. 2011. . Klonsky, Joanna. “Mercosur: South America’s Fractious Trade Bloc.” Council on Foreign Relations. 20 Aug. 2009. Web. “Latin American Debt Crisis.” ENotes. Web. 11 Oct. 2011. . Li, Hao. “Why the Irish Debt Crisis Matters.” International Business News. Web. 11 Oct. 2011. . Meltzer, Allan. “A History of the Federal Reserve, Vol. II (1961-1986).” Web. 11 Oct. 2011. . Menald, Victor. “The Debt Crisis and Latin America’s Lost Decade (1980s).” Web. 11 Oct. 2011. . “Mercosur (Common Market of the South) - Profile.” BBC News. Web. 09 Oct. 2011. . “Mercosur (Common Market of the South).” BBC News. Web. 09 Oct. 2011. . 2008. Web. 09 Oct. 2011. . Miller, Jessica. “Solving the Latin American Sovereign Debt Crisis.” University of Pennsylvania. Web. 11 Oct. 2011. . “NAFTA: The Road Ahead.” Office of the United States Trade Representative. Web. 9 Oct. 2011. . “The Origin of the Greek Sovereign Debt Crisis.” Manan Vyas. Web. 11 Oct. 2011. . “Phase 3: the Delors Report.” EUROPA - European Commission. Web. 09 Oct. 2011. . Phillips, Leigh. “EU Agrees New €500 Bn Permanent Bail-out Fund.” EUobserver.com. Web. 11 Oct. 2011. . Polaski, Sandra. “Winners and Losers.” Carnegie Endowment. Web. 9 Oct. 2011. . “Preferential Trading Arrangements: Gainers and Losersfrom Regional Trading Blocs.” North Carolina Cooperative Extension. Web. 09 Oct. 2011. . Sanati, Cyrus. “It’s Time for a European TARP.” Fortune Finance. Web. 11 Oct. 2011. . “Sovereign Debt Crisis: The Italian Job.” The Economist. Web. 11 Oct. 2011. . “The Sovereign Debt Crisis: Origins and Endgame.” IMN. Web. 11 Oct. 2011. . “Stages of Economic Integration: From Autarky to Economic Union.” Depository Services Program - Programme Des Services De Dépôt. Web. 09 Oct. 2011. . Sturzenegger, Federico, and Jeromin Zettelmeyer. Debt Defaults and Lessons from a Decade of Crises. Cambridge, MA: MIT, 2006 “Tax Evasion and the Greek Economy.” The New Yorker. Web. 11 Oct. 2011. . Teslik, Lee. “NAFTA’s Economic Impact.” Council on Foreign Relations, 9 July 2009. Web. 9 Oct. 2011. . “There’s No Future for the Eurozone without Fiscal Union.” The Guardian. Web. 09 Oct. 2011. . “Venezuela to Enter MERCOSUR as Full Member.” Venezuela Analysis. Web. 09 Oct. 2011. . Weisbrot, Mark, and Dean Baker. “What Happened to Argentina.” CEPR. Web. 11 Oct. 2011. . Weisbrot, Mark, and Dean Baker. “What Happened to Argentina.” CEPR. Web. 11 Oct. 2011. . Web. 11 Oct. 2011. . “The West Indies Federation.” Caribbean Community. Web. 09 Oct. 2011. “Who Are We?- Andean Community -CAN.” Comunidad Andina - Andean Community: Web. 09 Oct. 2011. .

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