Committee
ASEAN
Country
Sri Lanka

Author

Zainab Kabia
United States

Cite as https://mymun.com/ppdb/3444

Committee: Association of Southeast Asian Nations Topic: Topic A, Trade Country: Democratic Socialist Republic of Sri Lanka
Background: The growing economic development of countries in the South Asian region as a result of increased exports. The nations in the Association of Southeast Asian work together to make a strong impact on global trade. ASEAN competes with China in this region. While the Democratic Socialist Republic of Sri Lanka is not a member of ASEAN, Sri Lanka fully supports the development and trade in the region as a participant. The top three economies in the Southeast Asian region contribute to the trade in the region. Singapore, Brunei, and Malaysia are the leading economies for ASEAN. Singapore with a nominal GDP total of $289,086,000,000 USD and a per capita GDP of $52,049.00 USD. Its export economy accounts for 407.9% of its GDP, with its government having a 22% stake in its GDP. Computers, integrated circuits, and refined petroleum are its main exports. The unemployment rate in 2015 was down to 1.8%. Brunei is second with a nominal GDP total of $17,105,000,000 USD and a per capita GDP of $37,759.00 USD. Its export economy is driven by natural gas and oil. Unemployment was 6.9% in 2014. Malaysia is third with a nominal GDP total of $367,712,000,000 USD and a per capita GDP of $13,123.00 USD. Its market economy is driven by its industrialized sector (Wee). Past Action: ...