The Pros And Cons Of Mutual Cooperation (ECOSC)
For about 70 years, the world economy has aimed mutual cooperation and relieving tension, through free trade and economic integration. Through this open economy, each nation around the world has been able to grow their economy together, and corporations also have been able to maximize their profit. Open economy unifies each nation’s market into one big world market, and increases mutual cooperation and relives tension not only in economy but also in politics, society, culture, and so on.
But, the reason ECOSOC tries to deal with mutual cooperation and isolation in economy in this heyday of economic mutual cooperation is that mutual cooperation between each nation is threatened by emerging of economic isolation all around the world, which is
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By resolution about this agenda, the world could fix former style of mutual cooperation’s problems and side effects and supplement cons of former mutual cooperation. Finally, ECOSOC would be available to lead world economy to unify into one big world market, reinforce mutual dependence relationship between each nation, economic and profit growth of every nation and corporation all over the world, and development of all humankinds’ not only economy, but also society, politics, and all fields related to humankinds in the step of the unification of whole …show more content…
If the delegate faces these kinds of things like ‘free trade’, ’open economy’, ‘protective trade’, ‘isolationism’, ‘neoisolationism’, please does not embarrass. Please notice that these things have this kind of relationship with the agenda.
The history of economic mutual cooperation traces back to the Industrial Revolution. In the process of the Industrial Revolution, mass production and consumption were developed and resulted in the increasing of upper class and corporation, which finally, led to the era of capitalism and development of open economy and free trade. The new open economy generation was led by UK, and it spread to the whole world by requirement of capitalism and pressure of
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