United Nations Economic and Social Council – Intermediate level
The United Nations Economic and Social Council (ECOSOC; French: Conseil économique et social des Nations unies, CESNU) is one of the six principal organs of the United Nations, responsible for coordinating the economic and social fields of the organisation, specifically in regards to the 15 specialised agencies, the eight functional commissions and the five regional commissions under its jurisdiction.
The Council serves as the central forum for discussing international economic and social issues and formulating policy recommendations addressed to member states and the United Nations system. A number of non-governmental organisations have been granted consultative status to the Council to participate in the work of the United Nations.
It holds one four-week session each year in July, and since 1998, it has also held an annual meeting in April with finance ministers heading key committees of the World Bank and the International Monetary Fund (IMF).
Topic: Towards a more diversified, independent and sustainable economic models for Eastern Europe
Corruption is a phenomenon no society is immune to. However, some are more impacted than others. Post-conflict countries seem to be especially susceptible to this dependence from other countries. Besides corruption, aid has an impact on these countries as well. The dependence of an economy on one exporting nation makes heavy reliance on that country’s political decisions. It threatens sustainable economic development, ethical values, and justice. It undermines the institutions and values of their democracy. Despite all the policies introduced, there is still large-scale bribery, which is hampering the region’s financial and social development. An occurrence of the past is reoccurring again in Post-Soviet areas of Eastern Europe. Good governance creates an environment in which corruption struggles to thrive and diversified trading platforms foster more independence. In the absence of good governance and an independent economy, stakeholders demand more saying in the dependent economy’s politics, not only economics, transforming trade into aid. Political instability increases. Investment declines. The countries portfolio gets even less diversified. For many Eastern European countries, this has been the everyday reality over the past decades. The region’s priority is to concentrate on combating corruption in public procurement and export-import incentives. This is a key area where public money and economic power is lost to corruption, and the consequences can be very detrimental and dependent. It means that hospitals and schools are built to shoddy standards, the population’s health and education suffer, and also good companies are forced out of the market because they keep losing to corrupt competitors. The goal of ECOSOC is to generate more peer pressure between countries to boost their nation-wide efforts while also providing a forum for sharing experiences and for building a mutually supportive network of professionals working on anti-corruption aspects.