Welcome to the Economic and Financial Affairs Council at UPMUNC 52! I couldn’t be more excited to welcome you to this committee in November — Proud and I can’t wait to meet you all and see what kinds of solutions you bring to the table! To introduce myself, I’m a senior at Penn from a small town situated an hour north of Philadelphia. I’m also in Wharton studying Finance and Business Economics & Public Policy, so ECOFIN is right up my alley! Additionally, last year I served as Secretary-General of ILMUNC, Penn’s high school Model UN conference and UPMUNC’s counterpart, and as such I have a deep appreciation for all things MUN-related. As far and interests and whatnot go, I love running, playing soccer, eating anything you’d find in a bakery and watching Saturday Night Live, among other things. As for the committee specifically, Proud and I cannot wait to discuss its topics with you. Both appear to border on futuristic in scope, but in reality are apt now and will only become more so in years to come. As such, international legislation regarding the committee’s topics is nascent and provides a large vacancy into which delegates can push creative solutions to the problems presented. We will therefore place a premium on innovation, and will look to see unique solutions presented throughout papers and resolutions. That said, we won’t be looking for extraneous, perhaps erroneously placed finance knowledge, so don’t worry if economics isn’t expressly your thing. We will, however, be looking to see that you’ve thought about the background guide and are prepared to work with others to achieve the best resolution for the entire committee, not solely for your delegation. Finally, if you are taking part in ECOFIN this year, I'm so excited to help welcome you to UPMUNC, and to the city of Philadelphia, and to try and make this weekend as great as it can be. I also hope that you get into committee as much as Proud and I will be! We've spent quite a bit of time on the background guide, and I can't wait to see how you all tackle its subjects at conference. In the interim, feel free to let me know if you have any questions before November at email@example.com - I’d be happy to answer anything related to committee or to UPMUNC in general.
Sincerely, Matt Simon
I could not be more excited to welcome you to the 52nd session of UPMUNC and to the ECOFIN Committee. My name is Proud and I will be your moderator along with your chair, Matt, and I could not be more excited to have you in the wonderful city of Philadelphia and to see all the innovative and creative solutions you bring to the table. I am currently a freshman in the Wharton School planning to concentrate in finance and statistics and minor in mathematics. I am originally from the hot and humid city of Bangkok, Thailand (hence the long surname) where I went to school, so needless to say I am a long way from home! I served on the secretariat of ILMUNC, Penn’s high school MUN conference, as an Assistant-Secretary-General. Outside of the IAA, I’m involved in Wharton Asia Exchange as the VP of Communications, the events committee of Wharton Undergraduate Finance Club, and as the model for Penn Beauty. When I’m not cramming last-minute for midterms or taking longer-than-usual naps, I spend my free time binge watching series, brunching, and online shopping. If you’re a fan of Korean dramas, medical dramas, or food adventures, I can probably hold a decently long conversation with you! I attended a lot of conferences in middle school and high school as a delegate, chair, and served as Secretary-General of my high school conference (which I started) and the national conference. This is my first time chairing at Penn and I’m super excited to get to work with Matt again after ILMUNC and to learn the ropes from someone so experience. Both of us are super passionate about MUN and the international economy, as you can see from how much we’re involved in the IAA. Both of us put in a lot of effort to this committee and we hope to be able to deliver you the best delegate experience possible. I can’t wait to meet you all in November and see what interesting solutions you can come up with!
Sincerely, Proud Tuksinwarajarn
The Economic and Financial committee (ECOFIN) is the Second Committee of the UN General Assembly. It addresses issues relating to economic growth and development such as macroeconomic policies, financing for development and sustainable development to name a few. As such, we will be diving into the following topics:
Bitcoin is a new currency that eliminates the need for middle men. Bitcoin allows users to buy merchandise anonymously, leading to it quickly being adopted as the currency for buying drugs and other illicit items. While the future of bitcoin and cryptocurrency remains up in the air, what is certain is that it dramatically decreases governments’ control over currency, and countries like Japan, China, and Australia have already begun contemplating regulations.
This topic will relate to the supply of food and individual’s ability to access it. Possible avenues to explore are humanitarian via multi/unilateral aid and NGOs, a scientific agricultural approach via tech R&D and implementation, or an economic route via formal and informal insurance/debt instruments, and each of theses comes with significant and well-define pros and cons.
If you have any questions about this committee, feel free to reach out to your Under-Secretary General Anushrut Shah at firstname.lastname@example.org