United Nations Commission on Science and Technology for Development
This is a Mixed School Committee
Implications of Decentralised Finance in Developing Countries
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The United Nations Commission on Science and Technology for Development was established in Vienna in 1979. In 1992, the General Assembly decided to transform the Committee into a functional commission of ECOSOC and to set up the CSTD. This committee was established with 3 main goals in mind: guide the future work of the United Nations; develop common policies; and agree on appropriate actions for the future. CSTD is described as the forum that helps ask and frame the critical issues influencing the fields of science and technology today. In this commission, different countries can raise critical challenges and explore opportunities presented by rapid technological development. It is also a place where developing countries are encouraged to be part of the development of new technologies.
UNCSTD is important because it is essential for the sustainable development goals to be completed, as technological advancement is crucial for the development of most of the objectives. The United Nations Commission on Science and Technology for Development meets annually for a period of one week in Geneva, Switzerland. Its members are composed of national governments, specifically forty-three member states that are elected by the Economic and Social Council for a term of four years.
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