Organizer Introduction

The World Youth Economic Forum is being co-hosted by the Global Undergraduate Economic Forum and ASDAN from the UK.
Global Undergraduate Economic Forum is a student think-tank based at Yale University in the United States of America. It is a platform for undergraduate students across the Ivy League and other higher education institutions to debate issues of global importance in economics, international relations, politics, finance and development.

Message from
the Founder

On behalf of the World Youth Forum from Yale University, it is a pleasure to welcome you to this  annual event hosted in Shanghai. The forum is the first ever space for university and high school  students to congregate and discuss issues of global economic importance: issues that today’s leaders in finance, economics, and commerce strive to find solutions for.

The World Youth Economic Forum is being co-hosted by the Global Undergraduate Economic  Forum and ASDAN from the UK. This Forum will culminate in the creation of proposals and task  forces addressed to global change makers, of which the best will be implemented.  

The World Youth Economic Forum exists as an exordium in your journey towards becoming an  aspiring global leader. It is a chance for you to apply the knowledge you gain in your classrooms, the  articles that you read in The Economist and the events that unfold in front of you on the news to solving global problems in the same way that global change makers do at the World Economic Forum.  The World Youth Economic Forum looks forward to welcoming you and to initiating a new form of  student interaction with business and economics.


Aahan Bhojani
Founder of World Youth Economic Forum

Message from The Secretary General 2018

Dear Delegates,

Welcome to the 2018 World Youth Economic Forum! Every summer, the brightest students from all around the globe gather together in Shanghai to learn about and develop solutions to some of the most pressing economic issues of today. As participants of the 6th annual World Youth Economic Forum, you now have the opportunity to personally engage in intellectually rigorous debates and to offer your own insights as your committees attempt to seek answers to systemic financial problems.

This year’s conference theme is “In Tandem: Shaping the Global Imperative.” Although the world is becoming increasingly interconnected, it seems as if individual government agendas have taken precedence over the development of a shared purpose to improve the state of the world. While each committee will have a different focus, each and every delegate will be tasked to construct initiatives that consider the magnitude of the global benefit. As you prepare for the upcoming committee sessions, I urge you to keep this notion of a shared narrative in mind. How can we agree to a unified approach in the midst of differing, sometimes contentious, cultural perspectives? How can we encourage the expansion of global, shared obligations such as sustainable development? How do we ensure that our solutions are not tailored to benefit a certain country?

During the conference, I hope you are enriched by the interactions with young leaders from around the globe. Moreover, I also hope that in the course of discussion, you are challenged to think about particular issues from multiple perspectives. All delegates will have prepared their own research and may bring up unique points that you may have not previously considered. Keep an open mind during the course of debate, and I promise that the discussions you engage in and the experiences you draw from them will be much more fulfilling. I am excited to see the ideas you all will bring to Shanghai and I can’t wait to meet you all in person.



James Chung
Secretary-General, World Youth Economic Forum 2018

Why us?

High academic standard

Giving participants a unique chance to experience world-class discussions and debates. The participants will also need to prepare and practice beforehand in order to gain attention and applause during the debate. 

Creative forum structure

The Forum is comprised of different economic committees, which would provide the participants discuss the most crucial economic issues and business cases. Meanwhile, they are specialized committee like Media, Mock-Trial, etc.

International environment

More than 3000 top high school students have participated in the forum, they are from China, the US, Switzerland, Germany, the United Kingdom, India, South Korea, Japan and 20 other countries in the 4 years.

Small committee with big chance

All committees are in small size with flexible
procedures, in order to create the most opportunities for you to speak out and share thoughts
and opinions.

Diverse social activities

Cross cultural communication is one of the key characteristics of the forum. We hope to promote it on many different occasions, e.g. social parities, session discussions, etc. Every school/group also has the chance to have an exhibition table to showcase their own culture.

What do they say?

“You get to know students from all over the world! ”

Gizem Tan   
WYEF 2017 Participant
Gymnasium Liestal

“All the hard work payed off when I was awarded the Best Delegate!”

Jose Manso
WYEF 2017 Participant
Kantonsschule am Bruehl

2017 Committees

1. Housing Market
Ten years after the financial crisis of 2008, the world is still recovering from the seismic shocks induced by the collapse of the US housing market. During our committee sessions, we will begin by analyzing the details of how such a systemic problem came to exist in the United States, the factors that contributed to perpetuating the US property bubble, and the events that sparked the market to finally crash. Then, our committee will move on to explore broader questions that pertain to other global economies. Have there been other bubbles like this before? How can countries learn from financial crises and take the necessary steps to prevent systemic market crashes? These are some of the crucial questions that economic leaders around the world continue to ask, and our committee will work together to arrive at thoughtful answers to these intricate problems.
2. Executive Compensation
Executive compensation is a topic which, given today’s increasing focus on equality and fairness, engulfs aspects of economics and business ethics. In a team-based setting, Committee members will learn about and discuss the basic economics used to describe compensation and different types of compensation packages. Delegates will explore the trends in executive pay and derive what it will look like in the future. Their assertions and views will be based on a variety of sources including theories dictated by Adam Smith and new rules and laws put forth by regulatory agencies.
3. Industrial Revolutions
The prominent industries in a country, and how advanced they are, have an enormous bearing on that country’s success. There is a clear story, from the UK, to the US, to Japan, and now China, of how a shift from agriculture to manufacturing and eventually to high-tech industries leads to growth in income and living standards. Much of the world’s most successful countries have followed this path, but many have failed, and many see to be stuck in their development, or at a single step. In this committee, we will explore how changes in prominent industries influence economic outcomes in a country and what governments can do to promote growth or advancement, if we indeed think there is a clear path.
4. Machine Learning and Automation
The world of journalism has changed drastically within the last several decades. With the advent of television, the Internet, and social media, the lens through which all of us view the world has become increasingly reliant upon modern tools and ideas. Journalism has been forced to keep up, but for an art so rooted in tradition, the transition has been riddled with challenges. During the conference, we will seek answers to the pressing questions that face the world of journalism today. In a world of free information, how does journalism stand its ground as a source of truth? How can journalism filter cultural and societal biases in order to facilitate a more cohesive global community? We will take a hands-on approach to uncovering answers to these questions and simultaneously provide real-time coverage of the conference itself. All this and much more will be explored in this committee Journalism and the Media.
5. The Rise of Cryptocurrencies
The 21st Century has seen a prominent rise in new economic trends, amongst which cryptocurrencies have been a key influence on the economy. Cryptocurrencies seem to have become an elusive global phenomenon with the value of cryptocurrencies such as Bitcoin rising to a peak value of $19498.63 on December 18th 2017. The prominence of these developments requires us to take a closer look at the rise of cryptocurrencies to better understand their influence on not only our economy, but our global societies. With the general public investing in these virtual currencies, it is now more important than ever to invest time in understanding how cryptocurrencies work and understand the psychology of the market.
6.Health Economics
Undoubtedly, health care has become one of the most complex industries in our world today. Consequently, our health—our food, medicine, wellbeing—is inextricably tied to economic systems in important and even frightening ways. How do varying economic conditions in different countries affect the design of health care models? How do imbalanced health care systems intersect with socioeconomic constructs? What sorts of relationships exist between economic phenomena, the formulation of health care solutions and ultimately, human health? This committee will grapple with these questions, and more, as we explore how global economies shape health care around the world.
7. Trade Partnerships
International trade has become more important as the world has become even more connected. Trade Agreements such as The North American Free Trade Agreement (NAFTA), the Trans-Pacific Partnership (TPP), and European Union all help regulate tariffs, quotas, and trade restrictions between countries around the world. In this committee, delegates will engage with simulations involving trade agreements and will be tasked with figuring out how they can be best used to improve their own lives and the economy of the world as a whole. Our committee will focus on both the positives and negatives of Trade Agreements, as delegates are challenged to look at the issue from many different perspectives.
8.European Union
The European Union (EU) is a radical political and economic experiment. Founded after the Maastricht Treaty in 1993, the EU is economically unified through its common currency, the Euro, as well as the internal single market with free movement of people, goods, and capital. Furthermore, the EU is politically unified through a standardized system of laws that apply in all member states. This committee aims to analyze and critique the European experiment through a survey of most recent developments in EU trade negotiations and an economic analysis of the EU internal market policy. Regarding trade negotiation, we will deepdive into the recent EU-Japan Economic Partnership and the EU-Canada Agreement (CETA) in contrast to an increasingly insular and protectionist United States. In the wake of Brexit, EU values of unity and cohesion are threatened. How will the relationship between the United Kingdom and the EU be transformed? What are the possible outcomes for a trade deal between the UK and the EU?
9.Environmental Economics
Environmental economics is the application of the principles of economics to the study of how environmental and natural resources are developed and managed. Global warming is one of the major issues significantly affecting our communities, health and our climate today. Average global sea levels have increased by eight inches since 1990 and the rate of sea level rise is still accelerating, increasing flood risks to low-lying communities. While hurricanes are a natural part of our climate, recent research has indicated that their intensity, or destructive power, has been growing since 1970s. Climate change also has significant implications for our health, leading to increased air pollution, the spread of insect-borne diseases, more frequent and dangerous heat waves, and more. In this committee, members will analyze the major factors that contribute to global warming, such as carbon emissions and air pollution. Committee members will analyze the economic impacts caused by such factors of pollution, including their negative externalities and the involvement of industrial companies. Then, we will explore the economic policies like Cap-and-Trade that have been implemented to decrease global emissions. Our committee will collaborate and combine ideas to establish original and innovative answers to this global crisis.
10. Journalism and Media
11. Entrepreneurship
The world is changing faster than ever, and over the past decade an unprecedented growth in entrepreneurship has developed globally. Entrepreneurship, defined as the creation of new and valuable products and companies without regard to resources, has led to the creation of notable companies such as Alibaba, TOMS Shoes, and many others. As these companies attempt to strike a balance between gaining profits and providing social good, a new, crucial question arises: To what degree do companies that strive to be both socially good and profitable fail in accomplishing one or the other. This committee will analyze what it takes to build a socially aware company in a world of increasing inequality.
12. Refugee Crisis
According to the United Nations, there are an estimated 65 million refugees currently displaced around the world. There are more refugees in 2017 than after World War 2 or at any point in record history. Our committee will look at the economic implications of conflict, forced migration, and specifically, the market impact of refugee integration on the host country labor market. Students will engage in simulations that take into account perspectives from all sides of this issue, including domestic workers, political leaders, international NGOs, and the refugees themselves. Our committee will teach delegates an exciting mix of economics, international human rights law, and history.
13. Mocktrail
14. ASDAN Business Simulation(Final)
Under the simulated business environment, companies are given different challenges to solve. Top 3 teams from different region simulations come together striving for the best performing company. The one who earns the most eventually is the winner team over the year!
15. ASDAN Business Simulation(Global tournament)
This Business Simulation is tailored to the students who want to gain the basic understandings of business and trade. Compared to the senior version, our elementary business simulation aims to help the aspiring business leaders and entrepreneurs of tomorrow grasp a better logistical and strategic understanding of how to run a business instead of the detailed tactics of business competition. Our future business leaders would create and make decisions on every aspect of their business from their company culture to their production needs. ASDAN always believes that “how” we learn is as important as “what” we learn and having fun is as important as learning. Without much training, this business simulation encourages you to proactively get involved in running the business and enjoy the pleasure during the learning process.
16. Bizworld(Junior students)

硅谷商学营BizWorld诞生于美国硅谷,并迅速风靡美国及全球各地,现已成为面向青少年学生全球最大的实践式商学课程,遍及全球100多个国家和地区,采用项目式教学方法(Project-based learning),旨在传授给学生未来商业社会中所需知识与关键技能。课程涵盖了创业、商业、金融、数学、经济学等学科知识,同时在此过程中融入了对商业思维、团队合作、批判性思考、领导力、创造力、语言表达等技能的重点培养。这些知识和技能对于学生当下的学习、未来的工作均具有重要意义。

2018 Presidium

James Chung

James Chung
Yale University

Jo-Jo Feng

Jo-Jo Feng
Yale University

Laszlo Gendler
Dear Delegates, welcome to the committee on International Trade Agreements. My name is Laszlo Gendler and I am a rising junior at Yale University. I am very excited to have you all here and to begin talking about our topic. As I’m sure you are all aware the world is becoming a smaller place day by day, and international trade is a growing issue. Agreements made between major countries helps bolster but also often mitigate free trade between said countries. Discrepancies in standards of labor between are often a source of tension between countries, as are tariffs and quotas. As we begin discussing this topic I ask you to leave behind any preconceived notions of the topic and approach the topic with an open mind. Best of luck to all of you.

 Laszlo Gendler
Yale University

Elizabeth Liu

Elizabeth Liu
Yale University

Tyler Levine

Tyler Levine
Harvard University

Caroline Kim
Dear Delegates, My name is Caroline Kim and I’ll be serving as the chair for the Environmental Economics committee at WYEF. I’m currently a first-year at Yale University and I’m a prospective Chemistry and Economics major. I’m excited to have you as part of my committee in this year’s WYEF conference! This committee is going to explore the relationship between economics and the environment. We will be dealing with the topic such as how economics is weaved into one of our major problems today: global warming. We will learn about and discuss the basic principles of economics and how we can analyze and apply our knowledge into solving our major crisis. Throughout this experience, I hope to teach you about how economics is involved in our daily lives and surroundings. I also hope to learn about your ideas throughout the conference. I encourage you to learn about our committee through the topic guide prior to the conference and thoughtfully engage during discussions. If you have any questions prior to or during the conference, don’t hesitate to reach out to me at! I look forward to meeting you all in the summer. Best, Caroline Kim

Caroline Kim
Yale University

Will Hodges

Will Hodges
New York University

Danu Mudannayake
Danu Mudannayake

Danu Mudannayake
Harvard University

Davi Lemos
Dear Delegates, It is my pleasure to welcome you all to the Economics of Climate Change committee! My name is Davi Lemos, I am a rising senior in Yale College majoring in computer science and psychology. I am very excited to be in Shanghai with you all this summer to discuss a topic that is not only very important in the present moment, but also very dear to my heart: economic policies of environmental issues. Climate change is the defining issue of our generations, regardless of political views, creed, and nationality. The complexity of this problem is huge, and the challenge it poses to all of us is almost insurmountable, but it must and cannot be. While regulatory and political approaches to the topic have been long discussed, their efficacy in finding real solutions to the problem are debatable. An economic solution does not have to appeal to individuals and it can be architected in a way that provides benefits for all: government, citizens, and corporations alike. Our committee seeks to discuss this topic, critically review the current ideas, and ultimately reach a conclusion regarding what is the best path forward. Our recommendations will be forwarded to the Yale School of Forestry and Environmental Studies and the Yale Center for Business and the Environment. I am incredibly excited to have you all here and can’t wait to see what we will accomplish together. Best of luck, Davi

 Davi Lemos
Yale University

Jack O’Sullivan-Griffith

Jack O’Sullivan-Griffith
Cornell University

Marcello Rossi

Marcello Rossi
Yale University

2018 Conference Agenda


2-5 August 2018


- Case studied
- Finalize solutions
- Prepare for final report Social event

Aug 2nd


RegistrationOpening Ceremony
Business Guest giving speech
Session 1:
• Rules and procedure introduction
• Discussion and cases study
Ice-breaking game
Director lead delegats explore committee topic
Aug 3rd


Session 2:
• Discussion and find solution
   Making speaking list.
Session 3:
• Discussion and draft solution
   Cases study
Academic workshop
American unverisity application (English)
Financial executive shares career development (Chinese)
Economy Lectures (Chinese)
Special workshop
American campus life and study sharing (English)
Waltz training (Chinese)
Upscale business manner training (Chinese)
Aug 4th


Session 4:
• Cases study and draft solution
Draft solution and present it

Session 5:
• Cases study and draft solution
   Communicate with chair and edit solution
Masked ball
Delegates have fun and make friends with each other
Aug 5th


Last session:
• Present final solution
Closing and Award Ceremony


Jan - June 2018

Conference Registration

April - June 2018

Committee Selection

29 June 2018

Registration Deadline

22 June 2018

Background Guide

27 July 2018

Logistic Information Release

3 Steps WYEF Registration

First Session

Delegates will receive a broad introduction into their committee topics. Directors will begin with a presentation that puts
their committee topic in a global context, and introduce historical context and background information relevant to the
case. Delegates will also gain a working knowledge of the key terms and concepts necessary to join an informed discussion on the topic. Directors are encouraged to begin the committee with icebreakers to make delegates more comfortable.

Second Session

The Director will create a "Speakers' List". Each delegate will be given time to present his/her role in the committee and
position on the current topic. Directors will elaborate on each of the roles as he/she sees fit and introduce different
organizational structures and coalitions, thus providing a theoretical framework for the case study to follow.

Third & Fourth session

Directors will also introduce the case study in this session. The rest of the conference will aim to tackle the case and devise
a solution. Delegates will divide into coalitions according to their assigned roles, and draft a comprehensive agreement
or policy recommendation, known as a "White Paper." Directors may choose different committee formats to facilitate
debate and discussion while delegates are developing their White Papers.

Fifth Session

Students will present their White Papers in front of the entire committee.
Time may be allotted for a brief questions and answers sessio

Sixth Session

If all presentations have finished, Directors may use the remaining time to debrief on the progress of the conference and
play concluding games.


1. What will I need to do to participate in the forum? What will I gain?

To participate in the Yale World Youth Economic Forum (Shanghai), you will need to dedicate your time and energy to solving today's complex economic and commercial challenges that currently face the international community. To prepare for the forum, you will need to hone your research skills and gain more knowledge on your specific committee in order to successfully collaborate with other delegates. Therefore students will be expected to analyze the etailed background guides that they will be sent before the forum and any other information that they feel relevant.In return what you will gain from the conference is the chance to improve your economic analysis, understanding of global issues and gain lifelong contacts and friends from all over the globe. Most importantly though, throughout the process, your analytical skills and decision-making capacity will be tested and significantly improved.

2. What are the possible awards for participating in the Forum?

In this forum, depending on the forum committee, you will have the chance to compete for the following awards:
Business Simulation: the Best Performing Company,
the Best Project and the Best Poster,
Economic debating committees: Best delegate,
Outstanding Delegate and Honorable Mention.

3. What is the structure of the forum?

The Global Undergraduate Economic Forum (GUEF) committees:
There will be 8 forums focusing on debating the area of economic sustainability. Delegates will be representing real business and political leaders in order to solve the issues facing their committee. These committees will be chaired by the leaders of The Global Undergraduate Economic Forum which comprises of the best Economic students in Yale and Harvard University.
The ASDAN Business Simulation: Participants of the ASDAN Business Simulation will be expected to form their own business in a simulated market environment. Students will need to work as a team in order to be the company with the most profit at the end of the tournament. The competition will involve students analyzing their markets, making business decision on investment and costs and also making business presentations to a series of judges.
The Media Committee: The Media Committee members will forum the identity of the forum through their presentation of the news and events of the forum. Members of the media committee will create a daily newspaper for the forum, interview delegates and chairs and also make video content for the delegates to enjoy.
Business Mock Trial Committee: Mock Trial representatives at the conference will serve as lawyers, defendants, plaintiffs and witnesses. Participants will analyze real business legal cases and delve into the complexities and intrigue within business law. Participants will gain insight into the real drama and suspense created in the court room as they aim to represent their company’s argument in a persuasive and legal manner in this simulated court hearing.