United Nations Economic and Social Council (ECOSOC):

United Nations Economic and Social Council, one of the six main organs of the United Nations established by the UN Charter in 1945 that advances the three dimensions of sustainable development – economic, social and environmental.  By emphasizing combined economic, social and environmental concerns, ECOSOC encourages agreement on coherent policies and actions that make fundamental links across all three.

Topic A: The Impact of Economic Sanctions

Economic sanctions are commercial and financial penalties applied by one or more countries against a targeted self-governing state, group, or individual. Economic sanctions may include various forms of trade barriers, tariffs, and restrictions on transactions. An embargo is similar, but usually implies a more severe sanction often with a direct air and/or naval blockade. Economic sanctions generally aim to change the behavior of elites in the targeted country. However, the efficacy of sanctions is debatable and sanctions can have unintended consequences. Economic sanctions are not necessarily imposed because of economic circumstances—they may also be imposed for a variety of political, military, and social issues. Economic sanctions can be used for achieving domestic and international purposes

A country has a number of different types of sanctions at its disposal. While some are more widely used than others, the general goal of each is to force a change in behavior of certain governments’ policies and certainly each type of economic sanction has its own specific pros and cons.

Topic B: Empowering Women Entrepreneurs in Developing Countries

Entrepreneurship has traditionally been defined as the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale or hire.

Female entrepreneurs are women who organize and manage an enterprise, especially a business. There is much concern over the lack of female entrepreneurs in first world countries, but the gender gap in developing countries is even greater. Poverty, lack of proper identifying information, and little access to banking services, leaves more than 1.3 billion women out of the formal financial system. These women then lack the basic financial tools necessary for asset ownership and economic empowerment.

There are various reasons and factors blocking the path towards the active contribution of women in entrepreneurship in particular in development countries that need to be addressed, discussed and resolved.

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Speaker Deputy Speaker Secretary

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