Global Economic Summit Simulation

The culminating activity of the Global Economic Forum is the simulation that appears below.

I. OBJECTIVES

As a result of the simulation, participants will be able to:

  • demonstrate an understanding of the challenges facing many of the world's developing and industrialized nations;
  • discuss significant global economic issues from the perspective of developing and industrialized nations; and
  • draw conclusions about the economic benefits and hardships created by globalization.

II. DESCRIPTION

Participants will role-play delegates, from a variety of industrialized and developing nations, attending a two-part Global Economic Summit conference. Each delegation will be composed of 2-3 members. Delegates will receive an information packet about the country they are representing. Delegates should prepare to perform the tasks below during the simulation activity.

Part I:

  • present an overview of the existing economic situation in their nation;
  • explain significant economic challenges facing their nation; and
  • identify the most pressing economic challenge facing the community of developing and industrialized nations.

Part II:

  • debate and vote on three resolutions related to the global economy from their nations' perspective

III. NATIONS

  • United Kingdom
  • Nigeria
  • France
  • Russia
  • U.S.A.
  • Poland
  • Mexico
  • Brazil
  • Japan
  • Argentina
  • China
  • Egypt
  • India
  • Israel
  • South Africa

IV. GLOBAL ECONOMIC SUMMIT SIMULATION AGENDA

  • Roll call
  • Presentations by delegates about their nation's (each nation will speak for a maximum of 1 ½ minutes):
    - existing economic situation
    - most pressing economic challenge(s)
  • Discussion (10 minutes maximum): Which global economic issue should receive the greatest attention from the world's developing and industrialized nations?
  • Break
  • Discussion of Resolution #1 (10 minutes maximum): "Resolved that the World Bank and International Monetary Fund shall end all lending to nations that fail to meet uniform targets including moderate inflation. minimum government ownership of basic industries, and limited budget deficits."
  • Vote on Resolution #1 (each delegation will have one vote)
  • Discussion of Resolution #2 (10 minutes maximum): "Resolved that workers employed by large corporations in developing countries shall have the same rights and benefits as workers in industrialized countries,( e.g. rates of pay, job site safety conditions, and the right to form unions)."
  • Vote on Resolution #2 (each delegation will have one vote)
  • Discussion of Resolution #3 (10 minutes maximum): "Resolved that industrialized nations shall eliminate all existing agricultural and textile tariffs and subsidies."
  • Vote on Resolution #3 (each delegation will have one vote)