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.

Sincerely,

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.

Sincerely,


 

James Chung
Secretary-General, World Youth Economic Forum 2018

 

Why us?

High Academic quality

With world Frontier Economic topics and fancy Presidium- all directors are from Yale , Harvard, Princeton, Oxford, Cambridge and other top universities of the world. They would bring the world's heat economic issues, latest information and cutting-edge academic discussions into the conference. The Presidium will interact with delegates to share the application experience and campus life.

Creative forum

The forum provides participants with 8 to 10 committees divided into different industries, and also designs three special committees as Business simulation, Mock trial and Media committee. Through those interesting committee delegates could dig to the core of international economy, and be prepared to challenges of global economic and business issues.

International platform exposure

In the past six years, more than 4000 students from 21 countries have attended the WYEF(Shanghai). More than 1000 delegates around the world would attend this year, with an estimated 25 percent of international delegates.

A full display of personal charm

Each committee has a flexible agenda, strictly limit the size of each committee, providing each participant full opportunity, and the director would lead delegates into deep discussion, express their young ideas freely, let their minds sparkling.

Varies of social activities help interaction of delegates

Social networking is an important part of the business world. Organizer arranges Waltz training and upscale business manner training to help improve students' social skills and provide a platform to show themselves.

Economists and business elite giving speech

Lecture and special speech delivered by economist and experienced business , Financial executive shows how to plan your career, develop comprehension of economy and business horizons.

Authoritative conference certificate

Each participant will receive participate certificate. Winning delegates and awarded team would receive the certificate of "Leadership" authorized by ASDAN UK.

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

2018 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 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 an economic analysis of the EU internal market and an assessment of the EU monetary union. Case studies include Brexit and its outcomes as well as the Greek Sovereign Debt Crisis (2010-2016).
9. Alternative Fuels

Global warming is one of the major issues significantly affecting our communities, health and our climate today. One of the decisive factors that contribute to global warming is carbon emissions. Committee members will analyze the economic impacts caused by such factors of carbon emissions, including their negative externalities and the involvement of industrial companies. Then, we will analyze the possible, improved alternatives that can substitute the conventional method of energy production. Some of the alternatives fuels, which are known as non-conventional and advanced fuels, are solar, wind, hydrogen, and nuclear energies.We will discuss how the usage of these alternatives will affect certain economies, such as the Chinese economy. For example, the Chinese are putting an effort into making electric cars, which they believe will improve their environmental status. Our committee will collaborate and combine ideas to establish original and innovative answers to this global crisis.

10. Journalism and Media
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.
11. The Economics of Climate Change
Climate Change is the defining issue of the current times. While many regulations and campaigns have tried to create awareness and change people’s behavior regarding the environment, very few tactics have been more effective, and yet underutilized, than economic solutions. Our Committee will start by exploring what are the traditional and innovative proposed economic solutions to climate change. From cap-and-trade to carbon dividends taxing, we will then move on by debating what are the positive and negative aspects of each plan, possible shortcomings and successful case studies. At the end we will convene to reach a verdict on what, in our opinion, is the best economic based solution to climate change. This solution will be forwarded to the Yale School of Forestry and Environmental Studies and the Yale Center for Business and the Environment.
12. Economics of Warfare
Throughout the course of the Conference, you will use economic principles to explain human behavior in this technical problem, and you will participate in a simulation with your peers to better understand the economic rules that govern warfare’s past and present. You will use this understanding to better explain warfare’s possible future.
13. Mock Trial (In Chinese)
This year we choose antitrust law as the main topic of Mock Trial Committee. Generally, antitrust law is to regulate the conduct of business corporations to promote fair competition in the market for the benefit of consumers and the society. Several classic cases, both in the United States and in China, are to be introduced and analyzed to render our delegates a general idea of how market competition works on efficiency and equality, from which our delegates are supposed to study relevant legal legislations and theories might be adapted in the final Mock Trial.
14. ASDAN Business Simulation(Final)
This competition is reserved for gold, silver and bronze winners of In -school and Regional competition from September 2017 to July 2018 After participating in your school and regional competitions, you are invited to be part of the Finals Tournament, where you will compete with all the best performing companies across China. The winners are the company which earns the most over the year!
15. ASDAN Business Simulation(Global tournament)
This Business Simulation is for delegates who never participated before to try this fun and interactive competition. This Business Simulation is tailored to the students who want to gain the basic understandings of business and trade. It aims to help the aspiring business leaders and entrepreneurs of tomorrow grasp a better logical 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)

BizWorld offers hands-on, engaging courses that teach students the skills they need for a successful future. It teaches valuable lessons about entrepreneurship, business, and financial responsibility while emphasizing the importance of 21st century skills like collaboration, critical thinking, leadership, and creativity. In each program, students work in teams to solve real-world problems.

2018 Presidium

James Chung

James Chung
Yale University

Jo-Jo Feng

Jo-Jo Feng
Yale University

Laszlo Gendler

 Laszlo Gendler
Yale University

Elizabeth Liu

Elizabeth Liu
Yale University

Tyler Levine

Tyler Levine
Harvard University

Caroline Kim

Caroline Kim
Yale University

Will Hodges

Will Hodges
New York University

Danu Mudannayake

Danu Mudannayake
Harvard University

Davi Lemos

 Davi Lemos
Yale University

Jack O’Sullivan-Griffith

Jack O’Sullivan-Griffith
Cornell University

Marcello Rossi

Marcello Rossi
Yale University

Marcello Rossi

Collin Bentley
Yale University

2018 Conference Agenda

Shanghai,China

2-5 August 2018

English

MorningAfternoonEvening
Aug 2nd ThurRegistrationOpening Ceremony
Keynote speaker speech Committee introduction
Session 1:
• Rules and procedure introduction
Ice-breaking game
Explore committee topic
Aug 3rd FriSession 2:
• Committee Discussion
   Make speaker list.
Session 3:
• Committee Discussion
   Cases study
   Brainstorm ideas
Academic workshop
American university application (English)
Financial executive shares career development (Chinese)
Economy Lectures (Chinese)
Special workshop
American campus life and study sharing (English)
Waltz training 
Upscale business manner training 
Aug 4th Sat

Session 4:
• Cases study analysis
Preparing for draft solution

Session 5:
• Draft solution
Presentation & Draft resolution
Masked ball
Talent show & Culture show
Aug 5th SunLast session:
• Present final solution
Closing and Award Ceremony

Important Dates

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.

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FAQ

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.

ASDAN China