WYEF was co-founded by ASDAN China and GUEF (Global Undergraduate Economic Forum) student society at Yale 9 years ago. Every year, outstanding students all around the world gather in Shanghai to learn and exchange opinions on economics-related topics. Throughout the years, WYEF has grown bigger and bigger and is now a well-established forum with its own unique model. More than 1000 delegates from almost 10 different countries participated last year. This year, the 2020 WYEF are having exciting economic-related committees as usual, with different varieties, ranging from ASDAN Business Simulation Championship, ASDAN Simulation Open Tournament, LIBF Student Investor Challenge and other economic-related committees.
In addition to the diverse committee topics, we have more! Economic experts, Keynote speaker, Workshops, Waltz Ball, Social night, Talent show, etc. This summer is not only going to be about your learning experience, but also about having fun!
On behalf of the World Youth Forum from Yale University, it is a pleasure to welcome you to this annual event. 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 2020 World Youth Economic Forum! Together, ladies and gentlemen, you form the vanguard of the next generation of global economic leaders. It is incumbent upon you to solve some of the world’s most intricate and exciting challenges, so let the world be your canvas, your playground, and WYEF your marketplace of ideas. I can’t wait to see what you come up with this August - bring diplomacy and audacity in equal measure.
The theme of this year’s conference is Networks: Uniting People, Resources and Ideas Toward Global Economic Revolution. I find networks to be fascinating and topical, but what excites me most about them are the manifold contexts into which they manifest. Consider social networks. Our social interactions are both dominated and mediated by the networks that connect us with our loved ones - these range from explicitly communicative mediums like WhatsApp or WeChat (which in turn have expanded to include all kinds of new functionalities - payment, encryption, you name it) to more illustrative mediums like Instagram, Facebook and Pinterest. Consider, too, networks of politics. Ponder the sobering reality that today’s economies are highly dependent on the political messages that people’s connectivity allows them to spread. Now, consider networks of technology. The transmission of all data (including this message!) relies on the interaction of people, devices and public infrastructures within larger networks - both wired and wireless. Let this notion intermingle with some of the more entrepreneurial and technical ideas that you will undoubtedly have.
Consider networks of friendship. Networks and the act of ‘networking’ are of paramount importance to people’s careers and social lives alike, and one of the best parts of WYEF is the opportunity to meet and network with peers, friends, friends, mentors and professionals, both inside and outside committees. This is an unparalleled opportunity. Finally, consider networks of synergy. WYEF is full of diverse committees, topics, approaches and viewpoints, and I think that the idea of connectivity within a larger, cohesive network gives a thesis to our discussion of so many seemingly disparate topics - it gives us an opportunity to speak about how the various topics interact with each other, and ultimately, can’t exist without each other. Innovation is impossible without a well-educated populace housed in affordable homes, aided by advanced, well-funded healthcare, informed by good journalism, and behaviourally aware of how their actions reflect their intentions. The combinations are endless - think, collaborate, and apply your favourite ones toward the problems that you care the most about, both at home and abroad.
Ultimately, I hope that you are challenged, enriched, informed, and entertained by your experience at WYEF. Never stop chasing stories. Never stop making friends. And most importantly, never - not at this conference nor in life - stop learning from everyone around you.
I look forward to meeting you all. This will be an unforgettable experience - I hope you are as excited as I am. Happy preparation.
Counting down the days,
2019 WYEF Review
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 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.
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%.
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 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.
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.
VIP Business Keynote Speaker
Ivy League Session
American Campus Life
Each delegate will earn a certificate of participation jointly issued by the Yale Council on global economics and the UK accreditation centre for the development of qualify education.
Winners will be awarded a "young economic leaders" certificate qualified by the educational department of the UK.
Three Guest Committees, Business Simulation Final Championship, Business Simulation Open Tournament and LIBF Student Investor Challenge National Round, set with special awards.
WYEF-Certificate of Participation
WYEF-Participation of Business Simulation Final Championship
WYEF-Silver Award of Business Simulation Final Championship
WYEF-Top Crusader of Business Simulation Final Championship
WYEF-Top Entrepreneur Team of Business Simulation Final Championship
The Puzzle of Global Economic Transformation: Uncovering the Missing Pieces.
★ Represents for English level
ASDAN simulation business competition is based on the professional simulation business war IT system. IT fully simulates the real environment and decision-making process of the market and company operation, including operation, trading, road show and simulation of the stock market. The company that wins the most profits becomes the champion. From September 2019 to July 2020, the winners, runners-up and runners-up of online or offline business competitions will be invited to participate in the national finals to compete with other excellent domestic teams!
- National Gold/Silver/Bronze Award, the best creative team, the strongest financing team, the strongest trading team and the top trading team;
- Qualification of YES Program, angel investment and entrepreneurship project in silicon valley
- Scholarship scheme: RMB 5,000 per person; Runner-up: 3000 yuan per person; Second runner-up: 2,000 yuan per person
* the ASDAN scholarship will not be paid in cash, not be returned, exchanged or casked. It will only be used for participating in the ASDAN international project (overseas route).
- Students who have not participated in the business competition or have not qualified for the championship competition can participate;
- The Awards are same as the Championship Competition: National Gold/Silver/Bronze Award, the best creative team, the strongest financing team, the strongest trading team and the top trading team;
- The Schedule is the same as for the Championship Competition;
- The academic content arrangement will be adjusted and the difficulty will be reduced compared with the championship;
- Qualification of YES Program, angel investment and entrepreneurship project in silicon valley;
Student Investor Challenge is the most important financial competition of LIBF, with 400,000 participants in 2,500 schools worldwide.
It combines financial certification and financial contest accredited by the Office of Qualifications and Examinations Regulation (Ofqual), to focus on lifelong learning; equipping individuals with the knowledge, skills and qualifications to achieve what they want throughout their career and life.
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?
Jessica Xu is a rising senior at the University of Hong Kong. She was a Visiting International Student at Yale college last year. She holds double majors in Comparative Literature & Economics. She is passionate about various topics under labor economics, including the economics of education and the economics of gender. She is currently working with professors and students from Yale, UCL, and Tsinghua University on several research projects in her field of interest. One of her research papers on the gender gap among Chinese junior high school students is being reviewed by the Yale Undergraduate Research Journal. Setting aside academics, she loves horseback riding, astrophotography, and road trip; and dreams of keeping her own horses in her backyard.
Luna (Wenqian) Li is a rising sophomore at Yale College, majoring in Ethics, Politics and Economics (EP&E). Born and raised in Shanghai, Luna is passionate about international relations, political economy, national grand strategy, and philosophy. At Yale, Luna is a research assistant at Yale’s political science department and Crockett Psychology lab to study patent policy in authoritarian regimes and moral psychology. She is also an associate beat reporter on multidisciplinary programs for Yale Daily News, copy editor for Yale Globalist, French advanced language tutor, and the recipient of 2020 Leitner International Research Fellowship from the Jackson Institute of Global Affairs. In her free time, Luna enjoys swimming, napping, binge-watching the Good Wife, and watches way too much K-Pop.
Vicky is studying Mathematics and Statistics in University of Oxford. Born in China, and first went overseas (Singapore) to study at the age of 9.
Vicky attained the top 0.01% of all Singapore grade 6 students, and was admitted into Singapore’s best secondary school, Raffles Girls’ School. Vicky achieved 8/9 for Ielts at the age of 14, received an offer from University of Oxford at the age of 15, and was admitted into the Havard Summer Pre-college Program with exceptive admission without interview at 16. Vicky, being the youngest student in Oxford, is also the External Vice-president of Oxford University Chinese Society (OUCS), member of Business Sponsorship Team of The Oxford Blue.
Having a strong interest in psychology since young, Vicky utterly fascinated by discussions on how various cultural and social factors can explain economic decisions made by both individuals and institutions. Vicky is also a big fan of sudoku, Chess, Shooting and Horse-riding. Vicky loves designing as well, and is recently working on starting up a small studio with a few friends.
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.
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 email@example.com if you have any questions.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
New York University
2020 Conference Agenda
Preparation: Roadshow 2
Startup journey begins:
Extra money to run the company
|Registration||Opening Ceremony||Preparation for Written Test|
Financial Knowledge Test
|WYEF Special Party|
Asset Allocation & Team decision
Stock Market Simulation and Investment Decisions Round 1
Financial Case Analysis and Roadshow
Stock Market Simulation and Investment Decisions Round 2&3
|Stock Market Simulation and Investment Decisions Round 4
|Talent Show Closing Ceremony|
Discussion and find solution
Tackle case and draft solution (B)
Debrief committee topic
Rules and procedure
Tackle case and draft solution (A)
Case study and edit solution
Case study and edit solution
Introduction to committee
May 2020 - 12nd July 2020
May 2020 - 19th July 2020
Business Simulation & LiBF Conference Registration
June - July 2020
12 July 2020
Release Academic and Logistic Materials
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.
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.
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.