Cite as

Committee: ECOSOC

Country: Finland

Delegate: Ilaria Ravanini, University of Bologna

Topic: National Sovereignty and Foreign Direct investment in Africa


At the beginning of the twentieth century, Finland was a poor agrarian country with a gross domestic product per capita less than half of that of the United Kingdom and the United States. After becoming an independent republic in 1917, Finland’s participation in Western trade liberalization and bilateral trade with the Soviet Union required careful balancing of foreign policy, but also enhanced the welfare of the population. Finland has been a member of the European Union since 1995, and has belonged to the European Economic and Monetary Union since 1999, when it adopted the euro as its currency.