World Youth Economic Forum (WYEF)
July 28th - August 1st, 2023 Shanghai, China
Gold/Silver/Bronze Team from Regional Round is qualified for Global National Final Round
The WYEF Forum, also known as the "Davos World Economic Forum for Middle School Students", invites outstanding middle school students, international academic institutions, school representatives, and business elites from around the world to discuss and debate on cutting-edge economic issues. The Business Simulation is one of the main committees of the WYEF forum.
As we enter the year 2023, business leaders and governments around the world face an intertwining and complex set of risks and threats from environmental and economic to social risks. Business leaders now need to anticipate emerging trends, and to identify solutions that mitigate both pressing challenges of the present and complex challenges of the future that are yet to unfold.
Hence the theme of the 12th ASDAN Global Youth Economic Forum is：
Crossroads of A New Global Order:
Securing New Pathways for Resilient Economic Growth!
Your Entrepreneurial Journey
Which Industries Will You Start？
In line with the latest global hot topics and internationally emerging industries, students form companies and learn and explore the latest business trends to manage the the growth and operations of their companies
AI & Disruptive Technology
The battle arena where first, second, and third place winning teams from regional rounds and winning teams from All Star Semi-Finals meet to compete
Business Operations8 business operation rounds，companies face fiercer competition in a global marketplace 8
Roadshow PresentationsCompanies will have to prepare roadshow presentations according to the given tasks and to communicate their ideas articulately to win over their investors and to secure more capital for their business. 3
Auction ChallengeAuction Challenge：Buying and selling, negotiating and trading 1
Categories：Primary School (Grades 4-6)，Junior School (Grades 7-9)，Senior School (Grades 10-12)
Primary school, middle school, and high school groups will compete separately and be ranked separately.
‒ Teams who have received awards in the All Star Business Simulation Challenge
‒ Gold, Silver, and Bronze teams from regional or online regional business simulation competitions
Networking is an important part of the business world. The WYEF Organizing Committee has always placed important emphasis on creating interaction opportunities among delegates through multicultural themes, workshops, talent shows, waltz dances and other activities. Students can develop their business etiquette, interact with business professionals from all over the world, break out of their comfort zones, and enjoy a night of high energy and fun social interaction.
|Day 1||Day 2||Day 3||Day 4||Return|
●2nd Operation Round
●3rd Operation Round
Preparation for Task 2
●4th Operation Round
Task 2 Presentation
●6th Operation Round
Task 3 Presentation
Task announcement for 2nd presentation
●5th Operation Round
●7th and 8th Operation Rounds
|Evening||Task 1 Presentation
Task Announcement for 2nd Presentation
|Special Event||Social Gala||Talent Show
Closing and Awards Ceremony
A* Business Simulation Global Finals
- Gold Award - Top 1 team
- Silver Awards – Top 5% of teams
- Bronze Awards – Top 10% of teams
Outstanding Team Awards
- Top Trading Team
- Best Project Award
- 3.Best Entrepreneur Award
Each student participating in the A*Seeder Business Simulation will receive A*Seed Points based on the programs they participated. A*Seed credits are awarded based on comprehensive quality evaluation methods and principles from the UK, the United States, and the Chinese Ministry of Education. A higher credit score reflects a stronger holistic performance and learning ability of the student.
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The ASDAN Scholarship cannot be reimbursed in cash and can only be used to offset participation fees for ASDAN programs.