[GA - Passed] Financial And Economic Education

[Gorundu]

Financial And Economic Education
Category: Education and Creativity | Area of Effect: Educational
Proposed by: Imperium Anglorum | Onsite Topic​

The World Assembly,

Recognising its past actions in GA 80 "A Promotion of Basic Education" which establishes a requirement for member nations to give their citizens knowledge or awareness "of financial mathematics and concepts, currency and economics that is appropriate to the economy of their nation" and

Convinced that simply being aware of the existence of taxation and financial investments, as well as sources wherein one can find more information on those topics, is insufficient, hereby:

1. Defines "personal finance products" to mean products and services which an average inhabitant of a member nation could reasonably be expected to encounter in adult life which includes, in those nations where that is the case, but is not limited to, products or services which:

1. extend credit, service loans,
   
   
2. lease or purchase personal property,
   
   
3. engage in deposit-taking or investment activities,
   
   
4. provide payments and transaction services, including cheque or bill of exchange liquidation services,
   
   
5. analyse and disseminate customer report information for the purposes of evaluating creditworthiness,
   
   
6. collect against obligations made by any product mentioned in this section, and
   
   
7. all other products which that member nation defines as a personal finance product for the purposes of this resolution;
   

2. Requires member nations to truthfully educate all of their inhabitants on core personal finance topics, which shall include but is not limited to:

1. setting and managing a personal budget,
   
   
2. protection of their identity against possible identity theft,
   
   
3. the method and means of filing tax forms which those inhabitants can reasonably be expected to file,
   
   
4. management of personal savings or long-term investment accounts based on the best available evidence,
   
   
5. the means of establishing and evaluating personal finance products,
   
   
6. the existence and benefits of available preferential governmental schemes for certain purposes;
   

3. Further requires member nations to truthfully educate all of their inhabitants on general economic topics, which shall include but is not limited to:

1. the means of production in their society,
   
   
2. issues associated with those means of production,
   
   
3. their nation's fiscal state and determinants thereof,
   
   
4. the determinants of economic growth,
   
   
5. the causes and policy responses to economic downturns,
   
   
6. financial intermediation, rent-seeking behaviours,
   
   
7. public goods, collective action problems, and inflation.
   

Voting Instructions:

• Vote For if you want the Delegate to vote For the resolution.
• Vote Against if you want the Delegate to vote Against the resolution.
• Vote Abstain if you want the Delegate to abstain from voting on this resolution.
• Vote Present if you are personally abstaining from this vote.

Detailed opinions with your vote are appreciated and encouraged!

 

[Gorundu]

ΙΦΒ

 

[Fontainberg]

For

 

[Bobberino]

Against

 

[TlomzKrano]

I'm For this,

Education on these topics is something poorly lacked in IRL society. And these concepts are integral to a functioning society and those who wish to make educated financial decisions.

 

[Gorundu]

I'm on the edge. On one hand, financial literacy is good, but on the other hand, realistically can we expect all nations to provide this sort of thing? Even the most advanced countries IRL are failing by this standard.

 

[Rocketdog]

For

 

[mcmasterdonia]

For

 

[Sanjurika]

For

 

[The Federalist]

For

 

[Siwale]

For

 

[Pallaith]

For

 

[Inven]

For

 

[Robespierre]

For

 

[mcmasterdonia]

I’ve voted For

 

[Pallaith]

For

 

[gvh]

I have a few issues with this, so I'm going to vote to abstain.
Firstly it raises red flags with my 'not an international issue detector,' the levels of education on this kind of thing really being a matter best decided by nations themselves.
Also, it's impractical. 'All inhabitants,' let's just explore that for a moment. All inhabitants includes very young children, people in the late teenage years (who would most benefit from this resolution), and adults who likely know the information already. I believe that, though a topic that all reasonable nations should educate their citizenry on, the resolution has a few flaws which make it impossible for me to support it.

 

[Inven]

*Deleted post*

 

[Ravendi]

Abstain

 

[Panama Coalition]

For

 

[Wilkshire]

For