Committee: Historical General Assembly Main Submitter: U.S.S.R.

Topic: Establishment of Framework for Economic Recovery in the Aftermath of WWII The General Assembly, Expressing deep concern for the precarious situation of the global economy, in particular the state of the economies in Europe; Noting with grave concern the need for development of economies in the regions of the Middle East and Asia; Affirming that it is in the best interests of the global community that economic recovery is brought about as soon as possible; Cognizant of the great risks free multilateral trade can bring to growing economies; Having studied the success of the Soviet economic model in revitalizing its own economy; Having further studied the Bretton Woods Institutions; Believing the International Monetary Fund and the World Bank to be detrimental to attempts to rebuild the global economy; Mindful of the risks of having a global capitalist economy with the United States of America as its centre; Emphasizing the need to establish and maintain economic equality between economic superpowers such as the United States of America and economically weak countries such as Syria; Conscious of the possible benefits of the outcomes of the Bretton Woods conference; Appreciating efforts by the Allied Powers in taking initial steps to rebuild the global economy; Taking into consideration the imbalance of economic power between member states and economic regions; Bearing in mind the limited financial and industrial capability of nations whose infrastructure has been damaged as a result of actions in World War II;

Recognizing the important, valuable and unique role and contribution of the United Nations General Assembly to the reconstruction of the global economy by providing member states with a framework and recommendations for developing their respective economies; 1. Proclaims the IMF to be detrimental to the economic growth of economically developing nations and condemns the World Bank as an organization which seeks to serve economic superpowers, modelled on the economic exploitation of economically unstable or developing countries;; 2. Urges member states to withdraw from the IMF and establish bilateral economic agreements between themselves in order to facilitate realistic and sustainable trade, following a model which includes but is not limited to: 2.1. Having the principal aim of economic self-sufficiency between the two signatory member states; 2.2. Not compromising the political sovereignty of signatory states in any way; and 2.3. Strictly being an economic, non-military, agreement between the two signatory states;
3. Calls for the establishment of a subcommittee, known as the Commission for the

Management of Reconstructive Aid (CMRA), to replace the IMF in providing and supplying economic aid. 3.1. Calls for the CMRA to be used as a collective fund, funded voluntarily by individual nations. 3.2. Calls for the CMRA to be tasked with the responsibility of distributing economic aid in a fair and undiscriminating manner 3.2.1. Recognizes the need for the CMRA to strive to be unbiased when allocating aid to nations. 3.2.2. Requires that the CMRA be consisted of representatives from a variety of nations, so as to maintain unbiased 3.3. Monitor the use of loans in aspects such as agricultural, educational and medical reforms to access sustainability 3.4. Giving financial assistance and advice to third world countries and war-torn areas in advancing anti-poverty and reconstruction policies without interfering into the economic or political framework of the countries
4. Calls for mutual assistance in the international community, not limited to member states, to

rebuild economies worldwide, especially economic superpowers, such as: 4.1. the Union of Soviet Socialist Republics; 4.2. the United States of America
5.

Recommends the aforementioned economic superpowers to assist economically developing or unstable states, as well as states whose infrastructure has been damaged by wartime activities and additionally states whose economies have been adversely affected, by: 5.1. Offering financial aid, which is not required to be repaid;

5.2. Sending a panel of economic advisors to the recipient state to facilitate speedy economic

construction or reconstruction, while respecting the sovereignty of the recipient state;

5.3. Offering a trade agreement modelled on Clause 2., which will ensure that the needs of

the citizens of the recipient country are met;

5.4. Offering technological aid, including but not limited to: 5.4.1. Agricultural technology; 5.4.2. Industrial technology not pertaining to military industry; 5.4.3. Healthcare 6. Authorizes aforementioned donor states to control the way the financial aid is used by the

recipient state upon the reception of the aid, while limited to: 6.1. The consent of the recipient member state; 6.2. Respect for the sovereignty of the recipient member state;
7.

Reminds aforementioned donor states not to abuse their influence on the recipient countries, which constitutes, but is not limited to: 7.1. Involvement in political affairs, except with the explicit consent of the government of the recipient member state in question; 7.2. Involvement in internal or external military affairs, except with the explicit consent of the government of the recipient member state in question; 7.3. The intentional establishment of a trade surplus in favour of the donor state, except with the explicit consent of the recipient member state in question; 7.4. The establishment of branches of privately owned corporations from donor states within the territory of recipient member states, except with the explicit consent of the recipient member state in question and all political and economic entities within the recipient member state;

8. Emphasizes that any breaches of Clause 7. will be constituted as a compromise of national

and international security, to be reported to the Security Council;

9. Further recommends all member states to implement one of the following measures to

combat inflation and ensure currency stability: 9.1. Revert or switch to the gold standard; 9.2. Tie its currency to a hard currency; or 9.3. Adopt a hard currency as legal tender and abolish its own currency;
10. Requests the governments of member states to regulate their stock markets, with the aims of: 10.1. Preventing stock market crashes fuelled by speculation; 10.2. Ensuring that enterprises receive stable amounts of investment and turnover, while

having a stable output figure;

10.3. Preventing hyperinflation; 11. Further requests that governments of member states regulate their economies as a means of

regulating prices and inflation and ensuring the financial well being of their population, by:

11.1 11.2 11.3 11.4

Rationing resources; Implementing wage controls; Increasing the percentage of state-owned enterprises; Establishing governmental trade unions;

12. Also recommends governments whose territory has been damaged by the war to take the 12.1.

opportunity to create new jobs through urban renewal or development; Initiating infrastructure projects

13. Strongly requests all member states to allow an ad hoc panel of multinational financial

experts to examine their economies, with the aim of giving a confidential report on the economy of each member state to the government of the state itself and the SecretaryGeneral
14. Requests the United States of America to annul the majority of the debt owed to it by nations

without the capacity to repay wartime loans, with capacity being judged by the reports and the panel of experts mentioned in Clause 13.;
15. Decides to remain actively seized on the matter.