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 2019

Dear Delegates,

Welcome to the 2019 World Youth Economic Forum! This conference presents an opportunity like no other, assembling a team of hundreds of young leaders from across the globe to address the most pressing economic issues of the modern day. This will be my fourth year to attend the conference, but each year I continue to be amazed at the level of intellect, passion, and insight shown by all participants. I am beyond excited to see what 2019’s conference will bring and hope that you are looking forward to this coming summer as much as I am.

The theme of this year’s conference is “The Puzzle of Global Economic Transformation: Uncovering the Missing Pieces,” which happens to closely echo the theme of the 2019 World Economic Forum. To me, the fact that the most prominent figures in economics and business chose this particular lens through which to review the current economic landscape confirms just how important and relevant this theme is to the modern economic dialogue. The propagation of globalization, the constant churn of technological innovation, and the rise of new age politics are the epicenters of economic change that has been felt in all corners of the globe. However, such rapid and intense changes have left world leaders, economists, and civilians alike grappling for solutions that are far from self-evident. Problems are now so nuanced that courses of action that seem to be solutions when viewed from one particular perspective can mutate into serious detriments when considered holistically. The struggle to identify solutions that are universally and immutably beneficial, assuming that those even exist, is highly similar to that of attempting a jigsaw puzzle while key pieces are missing. I hope that as you prepare for the conference, you keep this larger context in mind and evaluate how your ideas and proposals will impact the solutions to, not only the problems of today or the problems of a particular country or region but also the problems of tomorrow and the problems of the world as a whole.

It is my hope that during the conference, you will be stretched intellectually to consider perspectives that directly challenge your own and that you will be enriched personally by engaging in lively conversations with peers, whom on a surface level, seem entirely different from you. We have much to learn from and share with each other, I look forward to meeting you all in Shanghai and embarking upon what will surely be an unforgettable experience together!

Warmly,


Elizabeth Liu

Secretary-General, World Youth Economic Forum 2019

 

Why Us?

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.

Creative Forum

The forum provides participants with 15 committees divided into different industries, and also designs three special committees for Business simulation 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.

International Conference

In the past seven 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%.

Committee Standard

Each economic committee is designed to be small in size; giving opportunity to every delegate to express his/her mind freely.

Interactive Sessions

We will also have waltz training, business manner training to help delegates grow their interpersonal skills. During social event, 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.

Awards

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! ”

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

Conference Workshop

VIP Business Keynote Speaker

VIP Business Keynote Speaker

Business Etiquette

Business Etiquette

Economic Lecture

Economic Lecture

Social Event

Social Event

Career Planning

Career Planning

Ivy League Session

Ivy League Session

Waltz Training

Waltz Training

American Campus Life

American Campus Life

Awards

2019 Committees

The Puzzle of Global Economic Transformation: Uncovering the Missing Pieces.

★ Represents for English level

1. The Housing Market ★★★
11 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. Economics of Warfare ★★★★
As people living together on one planet, we must understand the very fragile relationship between one another. Threatening the peace of our daily lives is one of humanity’s great blights: warfare. In the Economics of Warfare committee, we will learn about the economic principles that can be used to explain human behavior in times of war. By understanding this theory, we will be able to better explain real-world examples of warfare’s past and present. Throughout the conference, we will make it our goal to use this information to better understand and explain the critical future of warfare.
3. Financial Crises ★★★★
The Understanding and Combating Financial Crisis committee will focus on understanding several case studies of financial crises including the crisis in Japan in the 1980s, the Great Financial Crisis, and the Eurozone crisis and applying those lessons to understand how effective monetary and macroeconomic policy can prevent financial crises. The committee will use lectures, crisis simulations, and policy writing workshops to help students learn about and apply their skills in policy.
4. 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, and during the conference, we will seek answers to the pressing questions that face the field 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 uncover answers to these questions while providing real-time coverage of the conference itself.
5. Machine Learning and Automation ★★★★★
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.
6. Economic Development and Policy (Cancelled) ★★★★
Background: An analytical approach to understand how some countries develop faster economically, socially, and geographically. Specific focus on institutions (banks, governments), economic models and structures (capitalist), and geopolitical factors (current international affairs and macro trends). Goal: To create thoughtful policy initiatives by the end of the session that are well researched and debated which can then be implemented by a variety of emerging markets to lift people out of poverty and get access to luxuries like education. Throughout the session, I would like to introduce and engage the students by allowing them to interact; allowing for the culmination of unique thoughts and qualities.
7. Economics of Drug and Disease ★★★★
With the rapid advancement of science and technology, the world is constantly developing new methods of treating disease. However, according to a study by the Tufts Center for the Study of Drug Development, the cost to bring a new drug to market is roughly $2.7 billion. In recent years, this has led to increased drug prices for treatable diseases, and increased drug prices have led to health and economic effects. Drug pricing is a primary example of how health and economics are inextricably tied. What makes drug development so expensive? Are there ways for drugs be offered at affordable prices while also stimulating economic growth? It is ethical for companies to raise prices for speciality drugs? While considering these questions, this committee will explore the rise of noncommunicable diseases and the drugs created to treatment them. Delegates will be challenged to look at the issues from multiple perspectives and be encouraged to brainstorm real-world solutions.
8. Globalization and Poverty ★★★

This seminar will teach students basic economic concepts which they can then use as tools to understand how globalisation is affecting poverty worldwide. Students will be asked to think critically about issues from the perspectives of efficiency and equity. Is a global economy more effective in getting resources to people who need them the most? When prices are driven down by globalisation, is this beneficial for those living in poverty? Who might be hurt by globalisation, and what policies must be put in place to ensure effectiveness and equity for all stakeholders?

9. Entrepreneurship and Funding ★★★★
Every successful business traces its origins to a marriage of creative vision and monetary support. Our committee will seek to institutionalize the entrepreneurial journey - join us as we go beyond the theoretical, synthesizing economic policy-making with hands-on innovation. Foundationally, we will deconstruct and distinguish between the varied sources of funding available to entrepreneurs, covering everything from public special revenue funds to private angel investment. Building on this, the first stage of our committee will see us debating policies to democratize access to these sources, with the aim of establishing new frameworks for funding investment, growth, and universal progress - from ideation all the way through to product delivery. Then, we will put our own entrepreneurial thinking to the test - the second stage of our committee will be a dynamic startup simulation. Our committee is our incubator - small groups will collaborate to conceptualize, fund and deliver the next hot product using the very frameworks we institute in our first stage of work.
10. Blockchain and the Digital Economy ★★
Blockchain technology is potentially one of the most important technologies that developed over the last decade. In 2008, Satoshi Nakamoto created a “cryptocurrency” called Bitcoin, and showed that there could be an object that used game theory, computer networks, and cryptography to record transactions on a decentralized ledger without the use of an intermediary. Since then, blockchain technology has been adopted in numerous ways to solve more problems than what Bitcoin could alone, such as decentralized computing and smart contracting. This committee will examine both the underlying structure of how some of these blockchain technologies work, as well as the economic implications they might have on society at large.
11. Behavioral Economics ★★★
As human consumption continues to increase, behavioral economics is becoming an increasingly relevant field of study. This committee will first explore the basics of behavioral economics regarding rational choice and social norms. We will then take a look at how behavioral economics can be used by both policy makers and private companies. Finally, the committee will outline case studies for mini-debates regarding the the effectiveness of behavioral economics.
12. Genetic Engineering ★★★
Personalized medicine is a rapidly growing sector within medical research and care. Once the stuff of science fiction novels and movies, technologies like genome editing are now a reality. However, such technologies do not come without their controversies. In our committee, we will hope to understand first, the history and background behind the biological mechanisms that technologies like the CRISPR/Cas9 system utilize. Then, the bulk of the sessions will be focused on debating and understanding the utility, ethics, need, and societal implications of what legalizing these technologies would look like, or the complete opposite – if these technologies were banned for human application. These debates would also be considered with an economic perspective; that is, bringing in the costs related to labor, training, development, and education awareness associated with attempting to widely disseminate such a technology to the world.
13. Economics of Education ★★★
Education is foundational to economic development. By investing in human capital, countries reap the benefits resulting from increased incomes, creative ideas, and overall happier people. However, while education is consistently a top priority across nations, many differ as to the extent and manner by which education should be financed and utilized. Which subjects should be emphasized in school? How does one measure education production? How do positive and negative externalities factor into decision making? In our committee, we will provide an economic framework by which to interpret policies and programs. Then, we will look more specifically at case studies from around the world with regards to education advancement. We will conclude our sessions by presenting our own conclusions and recommendations for education reform.
14. ASDAN Business Simulation (Final Competition) ★★★
This competition is reserved for gold, silver and bronze winners of In -school and Regional competition from September 2018 to July 2019 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!

2019 Presidium

Elizabeth Liu


Elizabeth Liu is a senior at Yale University, majoring in Economics. On campus, she has been heavily involved in the business team of the campus publication The Yale Daily News and is also a group head of the Yale Student Investment Group. Over the summers, she has interned for a law and business consulting firm based in Taipei and for an investment bank in sales and trading, and after graduation, she’s planning to attend culinary school for a year before entering consulting full-time in New York. With her free time, Elizabeth enjoys traveling, playing new board games, and sharing a laugh with family and friends.

Elizabeth Liu
Yale University

Collin Bentley


Collin is a senior Computer Science major at Yale University who is originally from Nashville, Tennessee. He loves spending time in the Yale Dramatic Association theaters, helping to make fine theater possible and accessible on campus. He is also a leader for the First-Year Outdoor Orientation Trips, where he guides groups of first-year students on week-long hiking trips. When not at Yale, Collin spends most of his time traveling, having most recently spent his summer travelling in Thailand and Cambodia. He absolutely cannot wait to return to WYEF this year and to kick off a fun and enriching conference with all of you! You can reach Collin by email at collin.bentley@yale.edu if you have any questions.

Collin Bentley
Yale University

Peter Williamson


Peter Williamson was born and raised in Chicago, Illinois, and is currently a senior at Yale University where he studies Electrical Engineering and Computer Science. Peter has had a strong interest in how advancing technology and financial theories interact, and will work as a quantitative trader when he graduates. At Yale, Peter led the electrical engineering team of Yale’s University Rover Association, led financial workshops through the Elmseed Enterprise Fund, and is an assistant for computer science classes. In his free time, Peter enjoys playing sports and games such as chess and poker, and engaging in discussions with friends.

Peter Williamson
Yale University

Alec Dai


Alec is a sophomore at Yale University pursuing a double major in Economics and Political Science. He was borned and raised in New York City where he likes to visit art galleries and explore niche urban spaces. Alec is currently a consultant for the Open Society Foundations, developing a project regarding electoral integrity around the world. At Yale, Alec is the current secretary of the Sophomore Class Council and was the former Social Chair and Vice President of the First-Year Class Council. In his free time, Alec likes to sculpt, paint, and write.

Alec Dai
Yale University

Anushree Agrawal

Anushree Agrawal is from Katy, Texas (a suburb of Houston) and is currently a senior at Yale University studying Computer Science. At Yale, she has been the head teaching assistant for introductory computer science courses, and she ran YHack, Yale’s largest hackathon. She is passionate about technology and diversity in tech, and she enjoys mentoring and teaching students. After graduation, she will be working at a startup called Stripe, in San Francisco, as a software engineer. In her spare time, Anushree enjoys reading books, traveling, and cooking food, especially desserts.

Anushree Agrawal
Yale University

David Xiang


David is a student at Harvard College studying History and Science, with a minor in Molecular and Cellular Biology. He is originally from St. Louis, Missouri, and hopes to eventually pursue a career in medicine and health policy. At Harvard, David is a research partner at the Radcliffe Institute for Advanced Study, writes for The Harvard Crimson, and serves on the poetry board at The Harvard Advocate, among other activities. Over the summers, he has worked in Athens, London, and Washington DC. In his free time, David enjoys exploring the outdoors, trying new foods, and playing soccer and basketball.

David Xiang
Harvard University

Rahul Mepani


Rahul is an undergraduate student at Cornell University studying Economics, Finance and Public Policy. Living in several countries London and India, Rahul has developed a unique multicultural optic for international finance. Throughout his time at Cornell, Rahul has engaged as an undergraduate researcher with the Emerging Markets Institute, analyzing and supporting high growth, emerging market small medium enterprises (SME’s) in their financial obstacles. Rahul is passionate about investing and venture capital; he worked as an analyst at Manhattan Venture Partners and is an investor with Cornell’s Venture Capital fund. In his free time, Rahul enjoys traveling, dance, and playing basketball.

Rahul Mepani
Cornell University

Alex Jang


Alex is currently a senior at Yale University studying Economics and Math, though he has an interest in History, East Asian Studies, and International Relations as well. Alex is the co-founder of the Yale International Policy Competition, a college policy-writing competition constructed to teach students how to craft effective policy to combat real world problems. Additionally, Alex is on the Model United Nations Team at Yale and has been on the Secretariat of several Yale Model United Nations conferences including Yale Model United Nations Korea. Outside of academic pursuits, Alex is a co-captain of the Yale Wrestling team, enjoys hanging out with his friends, and watching wuxia films of all eras. This year at WYEF, Alex is looking forward to a fast paced, dynamic committee focused on analyzing and learning from case studies.

Alex Jang
Yale University

Malia Ellington


Malia Ellington will graduate from Harvard University in May 2019 with a B.A. in Human Evolutionary Biology and a minor in Global Health and Health Policy. Her personal academic interests are in the fields of biomechanics, injury rehabilitation, and nutrition. She spent the summer of 2018 as an intern at the World Health Organization Headquarters in the Department of Nutrition for Health and Development. Her other work experience includes being a research intern at the Spaulding Hospital National Running Center and a seminar leader at the Harvard Summit for Youth Leaders in China.

Malia Ellington
Harvard University

Sarah Tisdall


Sarah is a third year student at Harvard College from Brisbane, Australia. She studies Sociology with a minor in Computer Science, and is passionate about topics including education, poverty, and inequality. On campus, she is a member of the varsity crew team, a leader of House Committee, and is a volunteer at the student-run homeless shelter. She has spent previous Summers backpacking around Europe, competing in an international rowing regatta in Slovenia, and working at a political consulting firm aimed at propelling social movements. She is very excited to discuss pressing issues with some of the brightest students in the world at WYEF.

Sarah Tisdall
Harvard University

Arinjay Singhai


Arinjay (JJ) is a student at Yale College, studying Computer Science and Economics. Born and raised in Singapore, Arinjay aspires to found and lead a global macro strategy whilst remaining actively engaged in education policy. At Yale, Arinjay is a macro analyst for the Yale Student Investment Group, a delegate and chair on Yale’s competitive Model UN team, and a fiercely loyal patron of Blue State Coffee, among other activities. He has spent recent summers coding for education startups, concert-hopping, playing too much soccer, and binge-watching Gossip Girl.

Arinjay Singhai
Yale University

Meibin Chen


Meibin Chen grew up in Newark, Delaware, and is currently a senior at Yale University where she studies Biomedical Engineering. At Yale, she volunteers at an HIV/AIDS nursing home called Leeway, researches in a systems biology lab, and is curating a history museum for the Yale-China Association. She is particularly passionate about diseases that disproportionately affect disadvantaged communities and will be taking a year or two to do research in this area before heading to medical school. In her free time, Meibin enjoys hand lettering, playing soccer, and spending time with friends.

Meibin Chen
Yale University

William Hodges


William Hodges graduated from New York University’s Leonard N. Stern School of Business in May. He pursued and attained a degree in business with concentrations in finance and operations management, as well as a major in East Asian Studies (Chinese Language and Civilization). At school, William worked part-time as a teacher’s assistant in a corporate communications course, and part-time as a strategist for an upstart political campaign. Over his summers, William has worked in market research for BMW-Brilliance Automotive Ltd. in Beijing, very much enjoying the opportunity to familiarize himself with the corporate culture of a large-scale joint-venture in China. More recently, William worked in risk solutions for Aon, the global insurance brokerage. William is particularly interested in charting a later career in the insurance industry, and hopes to be involved in how insurers may begin to cover global firms’ growing cyber risk exposures. His interest in automation and artificial intelligence is linked to his studies on how growing volumes of data may change the ways risk is priced. For now, however, William is headed to U.S. Naval Officer Candidate School in the autumn, where he will spend half a year training to serve in the United States Navy.

William Hodges
New York University

2019 Conference Agenda

China·Shanghai

Fuyue Hotel

1-4 August 2019

English

Thursday

1st August

Friday

2nd August

Saturday

3rd August

Sunday

4th August

Morning Registration Session 2:
Discussion and find solution

  • Speaker list
Session 4:
Tackle case and draft solution (B)

  • Case study analysis
  • Draft resolution
Last session:
Debrief committee topic
Afternoon Opening ceremony

Session 1:
Rules and procedure introduction

Session 3:
Tackle case and draft solution (A)

  • Case study analysis
  • Draft resolution
Session 5:
Case study and edit solution

  • Present solution
Closing and award ceremony
Evening

Introduction to committee

Academic workshops

  • Ivy league session
  • Career planning
  • Economic lecture

Conference workshops

  • American campus life
  • Waltz training
  • Business etiquette
Social event

  • Talent show
  • Cultural show

Important Dates

2019 Conference

December 2018 - June 2019

Conference Registration

April - June 2019

Committee Selection

29 June 2019

Registration Deadline

22 June 2019

Release Academic and Logistic Materials

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 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.

Fifth Session

Students will present their White Papers in front of the entire committee.
Time may be allotted for a brief Q&A session

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. 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 16 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 most profitable company 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 put forward 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 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