World Youth Economic Forum (WYEF)

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Introduction

The World Youth Economic Forum is the world’s first economic forum for high school students to meet and discuss issues of global economic importance. Debating issues that today's leaders in finance, economics, and commerce strive to find solutions for, the students will act as real life politicians and business leaders to solve their committees' problems. The program is held annually in August and lasts a total of 4 days. The WYEF has taken place the last five years, with every year more and more students from around the globe taking part. Typically, there are 12 committees, with discussion topics varying from issues like the environment and renewable energy to the economics of black market trading.

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.

Invitation

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

2017 Welcome Letter

Dear Delegates,

It is my pleasure to welcome you all to the 2017 World Youth Economic Forum. Year after year,this conference continues to be an extraordinary platform upon which hundreds of young adults from all across the globe can join together and seek answers to the largest economic issues of today. I extend my congratulations to each delegate for participating in such a conference, and it is my hope that you will walk away from this experience with a fresh global perspective,unforgettable memories, and a newfound passion for leadership.

The theme of the 2017 WYEF is “The Paradox of Our Times.” As technology continues to advance, the world is moving at a faster pace than ever; communication, transactions, and decisions can all occur in a blink of an eye. We have an unprecedented ability to make real change, yet somehow, we seem to have lost a sense of direction. Things move so rapidly that the easiest option is often to simply submit to the status quo. This paradox is an overarching dilemma that has become engrained in every facet of our lives, but I believe that solutions can be found in the study of economics. Whether you will be discussing healthcare, housing, or journalism during the conference, I challenge you to resist the temptation to remain complacent and to question and to confront the issues of the modern day. How can the global community determine a direction for the future by learning from the past? How can we regain control in the midst of chaos?

I have no doubt that in your preparation for and participation in the World Youth Economic Forum, you will be enriched by open and insightful discussion, newfound knowledge, and of course, interactions with young visionaries from all around the world. It is my hope, however, that the conference’s impacts will extend well beyond its duration and will truly inspire each of you to take what you’ve learned and enact real change. I look forward to seeing you all in Shanghai.

Best wishes,


Elizabeth Liu Secretary-General, World Youth Economic Forum 2017

Why us?

High academic standard

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

Creative forum structure

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

Small committee with big chance

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

International environment

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

Diverse social activities

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

2017 Committees

The Paradox of Modern Times: The Bigger Picture

Committee Brief Committee Brief
1. Entrepreneurship in an Unequal World The world is changing faster than ever, and over the past decade an unprecedented growth in entrepreneurship has developed globally. Entrepreneurship, defined as the creation of new and valuable products and companies without regard to resources, has led to the creation of notable companies such as Alibaba, TOMS Shoes, and many others. As these companies attempt to strike a balance between gaining profits and providing social good, a new, crucial question arises: To what degree do companies that strive to be both socially good and profitable fail in accomplishing one or the other. This committee will analyze what it takes to build a socially aware company in a world of increasing inequality. 2. The Refugee Crisis According to the United Nations, there are an estimated 65 million refugees currently displaced around the world. There are more refugees in 2017 than after World War 2 or at any point in record history. Our committee will look at the economic implications of conflict, forced migration, and specifically, the market impact of refugee integration on the host country labor market. Students will engage in simulations that take into account perspectives from all sides of this issue, including domestic workers, political leaders, international NGOs, and the refugees themselves. Our committee will teach delegates an exciting mix of economics, international human rights law, and history.
3. Health Equity: Right, Privilege, or Obligation? The focus of this Committee is health care insecurity. We will begin by analyzing the insurance and healthcare systems in China and the US. We will examine how different systems contribute to or attenuate economic imbalances, health outcomes, and levels of violence, education, and happiness. We will also brainstorm ideas and actions that might alleviate the adverse consequences faced by those of lower socioeconomic status, specifically by investigating why specific parts of the world have especially good or poor health outcomes. Lastly, we will explore the manners in which residents attempt to escape their health care or insurance systems. 4. Journalism and the 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.
5. Global Food Scarcity As the world’s population rapidly expands, this growth exerts new and unparalleled demands on global food supplies. Food scarcity provides the potential for malnutrition, starvation, and conflicts over limited resources. In this committee, delegates face the complex challenge of combatting hunger and ensuring food security while promoting environmental sustainability, health, and economic development. Committee members will engage with real-world examples facing policymakers, and must contend with the various interests at hand as they seek innovative and effective approaches to achieving food security. 6. Automation and Artificial Intelligence Human workers are feeling the pinch as machines learn new tricks. In a 2016 report, the White House predicted that automation and artificial intelligence technology will lead to millions of lost jobs. At the same time, this technology promises productivity increases that will fuel economic growth. Technology breakthroughs have also historically created jobs, sometimes by launching entire new industries.

But is this time different? Are machines getting so intelligent and powerful that only a shrinking number of workers will remain relevant? Join us as we discuss the changes that we are about to see and the policies that are called for in the age of automation.
8. Economic Development vs. Environmental Protection Does economic development always come at the cost of environmental degradation? Economic theory argues that as nations transform from agrarian to industrial, growth is typically accompanied by rising environmental concerns. Indonesia provides but one case study of this tradeoff. In Indonesia, palm oil is king. Found in nearly 50% of all household products, palm oil is demanded worldwide, and palm oil plantations bring employment and development to rural communities. However, creating such plantations requires massive deforestation. How can developing nations like Indonesia, balance economic gain and environmental protection? 9. International Relations International Relations and Economics have long been closely interconnected in the globalized economic environment. Simply, the international arena does not allow countries to ignore their geopolitical interests when they make economic decisions and vice versa.

This committee will provide delegates with theoretical frameworks as a lens to fuel their arguments. By examining several case studies, we will analyze the importance of economics as an instrument in international relations as well as how international relations influence the economic decision-making. Subsequently, we will apply this acquired knowledge through simulations, where country-teams will practice the formulation and implementation of strategy by navigating political, economic, and diplomatic challenges. Simulations will focus on the interactions between countries (for example, interactions between the United States, China, and Russia over the coming decade).
10. The Tech Industry Facebook’s, and in truth all of Silicon Valley’s unofficial motto is “move fast and break things”. The tech industry has done both in spades. In less than 20 years, technology companies driven by an unprecedented influx of venture capital have upended the global economy. Tech companies now make up four of the top five largest public companies. Silicon Valley has changed the language of investment, from words like fundamentals and revenue to ideas like unicorns and hockey-stick growth. This committee will look at what the role of the tech industry will be in the next 20 years. Can it continue its seemingly-limitless growth, or will venture capital and technology come crashing back to earth? How will former lean and scrappy startups adapt to their new role as corporate behemoths, just like those they claimed to disrupt? What will happen to all those whose way of life has been disrupted, never to return? 11. Mock Trial Court: Insurance disputes The Chinese Mock Court of this year would focus on a lawsuit brought on an insurance contract. Nowadays, insurance plays an indispensable role in everyone’s life, which enables people to spread risks. Given insurance contracts’ specificity comparing with other kind of civil contracts, special attention should be paid to insurance. Regards to the practical aspect, the Mock Court would be a proper way to introduce the trial modes in the United States and China. Base on their standpoints, each delegate starts a debate according to the court’s rules, at the same time digging the dispute focus thoroughly, sensing the charm of Mock Court.
12. ASDAN Business Simulation(National Annual Finals) Under the simulated business environment, companies are given different challenges to solve. Top 3 teams from different region simulations come together striving for the best performing company. The one who earns the most eventually is the winner team over the year! 14. ASDAN Business Simulation (Global Tournament) This Business Simulation is tailored to the students who want to gain the basic understandings of business and trade. Compared to the senior version, our elementary business simulation aims to help the aspiring business leaders and entrepreneurs of tomorrow grasp a better logistical and strategic understanding of how to run a business instead of the detailed tactics of business competition. Our future business leaders would create and make decisions on every aspect of their business from their company culture to their production needs. ASDAN always believes that “how” we learn is as important as “what” we learn and having fun is as important as learning. Without much training, this business simulation encourages you to proactively get involved in running the business and enjoy the pleasure during the learning process.

2017 Presidium

Elizabeth Liu

Yale University

Elizabeth Liu is a rising junior studying Economics and Computer Science at Yale University. She's an involved member of the Yale Daily News in which she serves as the Account Executive Manager of the Business Team. During her free time, she enjoys playing board games with friends, experimenting in the kitchen, and hitting the gym to work off those extra calories. This will be her second time to serve as a Director of the WYEF, and she can't wait to see what this year's conference will have in store.

Matthew Keating

Harvard University

Matthew Keating is a rising sophomore at Harvard College, studying Government and East Asian Studies. Originally from the Washington, D.C area, Matthew has had a life long passion for politics and international relations. At Harvard he’s heavily involved with the Institute of Politics and works at both Harvard Law and the Kennedy School of Government, researching the intersection of foreign policy, national security, and negotiation theory.  He’s previously worked in the United States Senate and on several local, state, and national political campaigns focusing on youth engagement. In his free time, he coordinates for several nonprofits that help refugees and asylum seekers flee persecution and integrate into their adoptive communities. 

Sukriti Mohan

Yale University

My name is Sukriti Mohan, and I’m a recent college graduate of Yale University, as well as a Master of Public Health candidate at the Yale School of Public Health. In my hometown of Memphis, as well as in New Haven, I’ve seen firsthand the dramatic effects that socioeconomic disparities, flawed legislation, and corruption within the for-profit sector have on health outcomes. Consequently, I’m interested in the intersection of health and policy on both the domestic and international level. I was a WYEF Director last summer, so this will be my second visit to Shanghai! I’m thrilled to get to spend more time exploring this city, its culture, and most importantly, its people.

Joel Bervell

Yale University

Joel Bervell is a recent graduate of Yale University studying Molecular Cellular Developmental Biology on the pre-med track. Originally from the rainy city of Seattle, Joel developed a love of entrepreneurship, leadership and service throughout his time in high school. His desire for service stems from a connection to his parent’s homeland of Ghana, West Africa which has inspired him to use his privileges to give back.At Yale, Joel continued his passion for service as Task Force Director on the Executive Committee of Yale College Council, Vice President of the Yale Leadership Institute, and co-director of an after school mentoring program called the Jones Zimmerman Academic Mentoring Program. Over his summers, Joel has had the opportunity to intern at Google in their business development department, the Urban Institute in their health policy department, and Howard University Hospital in orthopedic surgery.Joel is looking forward to entering medical school in the future and pursuing in MD/ MBA to combine his interests in medicine and business.

Justin Chan

Yale University

Justin Chan is a rising sophomore at Yale majoring in Molecular Biophysics and Biochemistry. Growing up in the San Francisco Bay Area, Justin developed a passion to feed the hungry after learning about the alarming effects of food inequality in his community, leading to his volunteer work at soup kitchens and at community gardens. At Yale, you will see him conduct research in the ever-expanding field of neuroscience, smash shuttlecocks on the badminton courts, and eat out at new restaurants with friends.

Lionel Jin

Yale University

Lionel Jin is a junior at Yale majoring in Molecular Biology and Computer Science. He served as Platoon Commander in the Singapore Armed Forces, leading his team of fifty men to perform security operations. At Yale, he is Editor-in-Chief of Yale Scientific Magazine, Vice-President of the Leadership Institute, and Treasurer of European Horizons. Lionel enjoys playing the violin, loves watching musicals, and is always down to travel new places.

Sejal Vallabh

Yale University

My name is Sejal Vallabh and I am a senior at Yale majoring in Economics and East Asian Studies. My WYEF committee is inspired by research I conducted in Indonesia on the economic and environmental impacts of the palm oil industry. At Yale, you can find me jogging with the Yale Club Running team, baking cakes for a student-run coffee shop, or working on my double dating app! I am thrilled to be directing a committee at WYEF 2017.

Vojislav Mitrovic

Princeton University

Vojislav Mitrovic is a 3rd-year student at Princeton University majoring in economics and minoring in political economy, finance, and diplomacy. He is originally from Serbia, and he played water polo for the Serbian national team for 7 years. He is currently the captain of the men's water polo team; a residential advisor, where he fosters an inclusive and engaging community for all students; an executive director of the Princeton's student-run yearbook agency, where he developed a business where he now leads 50+ student employees with a projected profit of $300k (it employed 6 students with a turnover of -$20k to $50k). He is also a member of the Priorities Committee of Princeton University that is an advisory board to the President of the University. It reviews the operating budget of the University and plans for its development with the Executive Vice President, the Treasurer, and 6 faculty members. Outside of his extracurricular activities, he enjoys traveling, going out and spending time with his friends.

Michael Fine

Harvard University

Michael Fine is a rising sophomore at Harvard University, concentrating in Computer Science and Government. At school, when he’s not studying he chairs Harvard Model Congress and works with the Harvard Computer Society. Michael likes to pretend that he’s a renaissance man, having hiked the Pacific Crest Trail, attended cooking school, and coded for the Clinton campaign. In his free time Michael can be found obsessively refreshing Politico or binge-watching West world.

Song Shanshan

Shanghai Jiao Tong University

Master degree in constitutional & Administrative law at Koguan Law School of Shanghai Jiao Tong University. She served as the vice president of law school’s volunteer group, which focused on providing legal advice to people in need. In 14th National Moot Court competition, Shanshan, as a lead player in Shanghai Jiao Tong University team, helped the team to win the second place. As a winner of the National Scholarship for three years in succession, she never stops acquiring knowledge and find out the solution to some academic difficulties. As she already passed the Chinese bar exam, she is ready to become a qualified lawyer.

Conference Agenda

Date: Aug 1st to 4th , 2017 Location: Shanghai, China Language: English
1 Aug. 2 Aug. 3 Aug. 4 Aug.
Morning Conference Registration Conference committee discussion 2nd round
- Topic discussion and work on the solutions
Conference committee discussion 4nd round
- Case studied
- Finalize solutions
- Prepare for final report
Assembly meeting
- Final presentation
Afternoon Opening
Conference committee discussion 1nd round
- Introduction to produres and rules
- Topic discussion and case studies
Conference committee discussion 3nd round
- Case studies
Closing ceremony
Night lvy league University culture session Social event

Rules and Procedure

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 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.

2017 Key Dates

Conference ApplicationLog on to http://www.seedasdan.org/WYEF_en.jsp
register and pay online, and you can choose the committee and download the background guide.

Assistant director and volunteer application.

Deadline for the application and background guide announcement.

Registration process

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.