World Youth Economic Forum (WYEF)

July 25th-30th,2024 Suzhou,China

Competition

WYEF Video Reviews

 

Academic Theme

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 can see for this year, even economy for developed countries has recovered from the pandemic of COVID-19, some developing countries are still facing serious debt issues. Although the supply chain issue has been almost fixed, the global economy is still unstable. Credit construction and continuous cooperation are needed to build up the global economy. In this hyperconnected century, trust needs to be restored via frank communication and policy making.

Hence the theme of the 13th ASDAN Global Youth Economic Forum is:

Global Cooperation:
Restoring Trust in a Hyperconnected Economy

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

Automotive Industry

Automotive Industry

From 2021 to 2030, the total global sales of passenger cars are expected to be around 800 million units, and the sales of electric vehicles are expected to reach 220 million units. The global automotive industry is undergoing a significant transformation.
Entertainment Industry

Entertainment Industry

In 2020, there was a year-on-year increase of up to 24% (nearly 289 million) of new internet video streaming users. The epidemic has led people to exploring options for how to manage boredom, cope with anxiety, and maintain contact with others. The demand for entertainment has risen to an unprecedented level.
Wellness Industry

Wellness Industry

Demand for health and wellness burgeoned during the epidemic and the health and wellness industry reaped economic dividends of 450 million US dollars within this period.
Education Industry

Education Industry

Performance in the education market is going strong, with the market size expected to increase 430 billion yuan to 600 billion yuan within the next five years. Education is essential for the growth and development of children.
AI & Disruptive Technology

AI & Disruptive Technology

AI is an emerging industry and as of March 2019, there have been 5,386 global artificial intelligence enterprises with a financing scale of 12.6 billion US dollars. Opportunities are waiting to be seized in the AI market.

Academics Sessions

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 Operations

8 business operation rounds,companies face fiercer competition in a global marketplace 8

Roadshow Presentations

Companies 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 Challenge

Auction Challenge:Buying and selling, negotiating and trading 1
In the WYEF Global Finals, companies face fiercer competition in a global marketplace as they manage more intensive business operations compared to regional round competitions. Each company will complete a total of 8 business operation rounds (simulating a 2-year period) in which they manage factors such as cultural differences, monetary policy, marketing promotion and financial modelling. Companies will be challenged to develop holistic business management skills by tackling different challenges.
The academic program in WYEF is closely aligned with global hot topics. In addition to international cutting-edge economic themes, it also follows the Sustainable Development Goals. Throughout the simulation, companies will have to complete different tasks in which they stand a chance to win extra capital for their business operations. Companies 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.
Each company possesses different resources and conducts cross-border transactions with companies from other ‘countries’ to obtain the resources that they need. In addition to negotiation skills, companies also need to consider environmental factors such as fluctuations in exchange rate to maximize their profits.

Participating Details

Language:English
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.

Prerequest
‒ 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

Social Night

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.

Sample Agenda

Suzhou

2024.7.25-2024.7.30

English

Day 1 Day 2 Day 3 Day 4 Day 5 Day 6
Morning Opening Ceremony
Rules introduction
Operation Test Round
• Roadshow 1
• Trading Game
• Roadshow 2
• Roadshow 3 Task
Announcement and
Preparation
• Roadshow 3
• Operation Round 5
Departure
Afternoon Registration • Roadshow 1 Task
Announcement and
Preparation
• Operation Round 1
• Roadshow 2 Task
Announcement and
Preparation
• Operation Round 2
• Operation Round 3
• Operation Round 4
• Operation Round 6
• Operation Round 7
Evening Rest Talent show Social Night Closing Ceremony

Awards

A* Business Simulation Global Finals

  • Gold Award: 1 team
  • Silver Award: Top 5% Teams
  • Bronze Award: Top 10% Teams

Outstanding Team Awards

  • Top Trading Team
  • Best Project Award
  • Best Entrepreneur Award
  • Prototype 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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ASDAN Scholarship

5200rmb/pax

First Place

3700rmb/pax

Second Place

2200rmb/pax

Third Place

1700rmb/pax

Single Award

The ASDAN Scholarship cannot be reimbursed in cash and can only be used to offset participation fees for ASDAN programs.

AWARD

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