St.

Mark Semi-Finals Foreign Extemp

!@# Speaker 1: Invisible hand god or free market Communist Chinese party, doesnt believe prefer semi-transparent hand Chine+ exponential growth Growth comes w/ drawbacks Continues unevaded currency replace dollar *Are debt state owned industries destined to reek havoc on the Chinese economy (NO) 1. China embracing foreign investment: Open up borders to foreign investment. Trading currency and bonds outside of country. Side effects positive, expansive increase + expansive private organization Private industries always do better than the public sector U.S. Losing foreign investment 2. State owned industries turning profit: Industry becoming green tech china #1 producer of green tech If china holds on to green enterprises, make up for lack of other 3. Expansive privileges: that come w/ being the worlds currency Foreign affairs: rise and dominance of china is something no one can stop (as china moves on to national stage, it will have to become a international currency) China, Euro, & Dollar, Hold reserve currency, rate of interest highly decreases China going to become one of the worlds powers !@# Speaker 2: Germans screeming throughout street, exclaiming to world overburden they have of bailing out countries Euro zone falling out German feeling overburden w/ pressure from euro zone *Of what is the main reforum the EU needs to make to its industry? 1. Make nations more accountable Germany has to take control over other nations who arent being held accountable Integration of Euro zone essential Restructuring private banks essential make sure limits and caps on bank spending only way to make countries ie Greece accountable 2. Makes need for bailouts less needed Greece bailed out twice Frequent bailouts put pressure on other countries NY Time: Germanies own political nation dont want to support euro zone any longer Frequently giving off power to other countries Not the way the euro zone can work Economist: Insure countries dont meet or maximize over there GOP Best thing to do is to put limits on countries so they dont overspend 3. Take pressure of Euro national bank Getting pressure from the rest of the euro zone to lower euro rates cant do it Lower from 4% to 1.3%... emesnse pressure t have euro bank control all other banks,, puts way too much pressure on other banks Structure private banks to make individual banks more accountable and take pressure of ENB

St. Mark Semi-Finals Foreign Extemp

!@# Speaker 3: Commercial, depicted girl walking down school, why math problems, didnt waste environment: going green doesnt mean going crazy Too many countries taking on mandrel and arent capable of making real change Essential to make known when it comes to renewable energy Global energy up 5.6 & from 2010 * How can latin American countries bolster influence in global energy markets 1. Put more funding toward renewable energy 80& of energy made up of renewable consumption June 10, times of india any country that will put money into renewable energy will simply get ahead and have a hold on other nation Asian nations have hold on electric cars because they put money into it Direction world is heading in 2. Cost efficient Solar power: become cheaper and more efficient to fossil fuels More money to tech, cheaper it becomes More money Latin America puts to energy now, better in long run 3. Safer Option Blood & Oil- not safe (oil has become too hostile (as supply goes down, demand goes up Just in 2010, global oil consumption up 20.8 % Best idea for latin America to put money into renewable resources Put more funding to renewable energy !@# Speaker 4: Head director of IMF, resiegned becsause of allogations of rape and sexual assault With the united states and Europe, different points of currency Common misconception only involes manipulation of pther countries *Is it safe to say that the world is in a currency war 1. Economic volitility U.S. still recovering from economic slump cause was European debt crisis/ collapse of the euro Euro union faulty by making only one currency Economist: Greece ( 30,000 public sectror workers unemployed (currency causing problem 2. Impacted way foreign policy is being conducted Economist: euro debt crisis, u.s. pressuring to correct this crises 17 countries received loan packages in 2010 IMF putting into new role In currency war 3. Causing other countries to reevaluate own (policy) Federal reserve and sec of treasure favored strong dollar within the u.s. (not responded to demand (reconsider the way they value there dollar Currency war not at end in future

St. Mark Semi-Finals Foreign Extemp

!@# Speaker 5: 47 european ministers to screw in lightbulb (should have spent day talking about the debt crisis European priorities not in order People wonder if crisis effects other countries NY Times: Europe+ crisis not being adequately addressed (wondering if business is safe? * What have been the ramifications on the euro economy 1. U.S. economic increased globally 3.2 million to Russia via Exxon Mobil U.S. business opportunities increase 2. Take euro financial markets and capitalize IPO offers things at typically low prices (instability in Europe allowed much o these to shift to u.s. New York controls higher percentage of IPOs than in 20 years U.S. more stable investment area 3. Increase in soft power influence True power and hygenemy coming from soft power instead of military might CSM- Europe has looked for solutions beyond its borders China purchases have to be for a set period of time U.S. offering to Europe have been ones that allow us to gain influence in countries (stronger trade and economical markets abroad !@# Speaker 6: CNBC- euro zone approaching (u.s. deciding not to provide support; instead tried to come up with government solution) *What is the most important reform the EU can make to the European banking system 1. Lower risk of collapse/ failure Gov. default cause banking industry to have big problems )America its private and foreign investros, not banks like in Europe Banks held in Europe would lose control banks around nation couldnt support investors 2. Can effectively apply this plan Economist: most banks could indeed make standard/ addequitaly raise the funs ) gov. could help w/ funding,,, they have the ability to bridge banks together Pan allows Gov. plan to have enough money 3. Reduce fear on a global level British tabloid caused bank to plunge 20% Article said bank could collapse cause of lack of funding Same occurred when newspaper said banj could collapse Raising capitol requirement will not allow this to happen NPR- guarantee to us Banking industry allows non-collapse