United Kingdom

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United Kingdom

Post  Tamara Dervisevic on Thu Mar 26, 2009 4:52 pm

The role of the UN in solving the Financial Crisis.

Every economist knows that the world’s economy fluctuates and that this process (recession, stagnation, inflation) is inevitable. Today, we are facing a serious recession which started not long ago with high oil prices and USA’s credit crisis.
The United Nations should be the center body for solving this problem, not only because the problem is on global level (and therefore it would be impossible for all countries to come to a consensus) but also because it has the will, power, money and technology to coordinate and execute the process of saving the world from sinking in the depths of financial crisis.
There are many ideas and attempts in individual states and countries to reduce the recession (loans, legalizing marihuana, government funds for new cars, etc.); however they are all short-term solutions. While it is true that every country has different optimal means for the fight against recession, there should nevertheless be a panel or commission of financial experts from different parts of the world as a central body for directing the execution of solving the financial crisis. The only organization that can deliver that is the United Nations.
All in all, the financial crisis is striking, and it is striking hard. The United Nations have already begun striking back with Interactive Panel on the Global Financial Crisis, conference for Financing for Development in Doha, Millennium Development Goals and The World Economic Forum. The recession will not go away over the night, but it will surely be reduced step by step. In the end, that is the way the world functions.
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Last edited by Tamara Dervisevic on Thu Mar 26, 2009 5:15 pm; edited 1 time in total

Tamara Dervisevic

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Re: United Kingdom

Post  Tamara Dervisevic on Thu Mar 26, 2009 5:12 pm

Delegation from United Kingdom
Represented by Tamara Dervisevic

Position Paper for the General Assembly
Human rights education and world economic crisis







The Organization for Economic Cooperation and Development (OECD) singled out the UK
economy with glooms and doom forecasts. They are expecting 10% decline in home
values and rising unemployment. That wasn’t actually hard to see when downfall
of British pound started and continued with crippled housing market. Bank of
England even reported that mortgage applications have fallen for 50% over the
last years. With rising unemployment and falling prices of houses, more banks
are in trouble. Predictions are frightening – while other countries will recover from financial
crisis, the UK recession will drag into year 2010. Even International Monetary
Fund reports that UK crisis will be longer and deeper than any other.


On the other hand, when it comes to human rights, the United Kingdom has a long and
established tradition of avowed respect for human rights. However, there are
occasional violations of basic human rights (reports of police misconduct,
abuse of detainees and other persons by police and military personnel and
employees of government contractors, reports of overcrowded prisons, inadequate
prison infrastructure, violence and discrimination against ethnic and religious
minorities, women and children, and trafficking of persons into the country). The
UK played an important role in the drafting of the European Convention on Human
Rights but more important is Human Rights Act 1998 that seeks to give direct
effect to the European Convention on Human Rights in domestic law, thereby
enabling claimants to bring an action directly before UK courts instead of
having to take their case to the European Court of Human Rights, as had
previously been the case. The Act makes it unlawful for a public body to act
contrary to certain rights prescribed by the Convention, and allows a UK court
to award a remedy in the event of breach. There are also many (too many to
count) human rights organizations that were set up in the UK.

Tamara Dervisevic

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