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.
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.
Founder of World Youth Economic Forum
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 7th 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.
Secretary-General, World Youth Economic Forum 2018
High Academic Quality
All directors come from top universities such as Yale, Harvard, Princeton, Oxford, Cambridge, etc. They will bring the world's current economic issues, information and cutting-edge academic discussions in the conference. The presidium will share their experiences on university applications and campus life with the delegates.
The forum provides participants with 16 committees divided into different industries, and also designs three special committees for Business simulation, Mock trial and Media. Through those committees, delegates can dig to the core of international economy and be prepared to challenge global economic and business related issues.
In the past six years, more than 4000 delegates from over 21 countries attended the WYEF. This year over 1000 delegates will be invited with an international ratio reach of 25%.
Each economic committee is designed to be small in size; giving opportunity to every delegate to express his/her mind freely.
We will also have waltz training, business manner training to help delegates grow their interpersonal skills. During masked ball, delegates will be given a chance to show their talent.
Business Topic Based Workshops
Successful entrepreneurs and economists will share their insights on business in China. Optional sessions on career planning will also be available.
Each delegate will receive a certificate of participation from ASDAN China. All delegates and teams who win any awards, will also receive "Leadership" award from ASDAN UK.
What Do They Say?
“You get to know students from all over the world! ”
WYEF 2017 Participant
“All the hard work payed off when I was awarded the Best Delegate!”
WYEF 2017 Participant
Kantonsschule am Bruehl
VIP Business Keynote Speaker
Ivy League Session
American Campus Life
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.
Every year more consumer products, machines across supply chains, and even previously inanimate objects gain internet connectivity. This gives them an ability and intelligence to generate massive silos of data. In the nearest term, sensors in highways that measure traffic volume are reducing commute times. In the longer term, intelligent, self-driving buses may ferry us to and from work. This committee will explore the ways in which corporations and the global economy at large are investing in the research and development of smarter computing systems that will change the ways our generation and those thereafter will work, consume, and live.
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.
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.
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.
New York University
2019 Conference Agenda
Discussion and find solution
Tackle case and draft solution (B)
Debrief committee topic
Tackle case and draft solution (A)
Case study and edit solution
|Closing and award ceremony|
Introduction to committee
December 2018 - June 2019
April - June 2019
29 June 2019
22 June 2019
27 July 2019
Logistic Information Release
3 Steps WYEF Registration
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.
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 they see 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.
Students will present their White Papers in front of the entire committee.
Time may be allotted for a brief Q&A session
If all presentations have finished, Directors may use the remaining time to debrief on the progress of the conference and
play concluding games.
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.