EXECUTIVE SUMMARY OF THE 22nd ECONOMIX

INTERNATIONAL SEMINAR, COMPETITION, AND MODEL UNITED NATIONS

Economix: Global Economic Challenges is an annual international event held by KANOPI

FEB UI, a student organization run by undergraduate economics students of the Faculty of Economics
and Business, Universitas Indonesia. The event aims to be the place for participants of diverse
backgrounds and disciplines to share, discuss, and find potential solutions for current global economic
issues. Participants from countries all over the globe can take part in several main events consisting of
the International Dialogue, International Seminar, Paper Competition, Essay Competition, Policy
Brief Competition, and Model United Nations. Economix also includes world cultures by hosting
additional casual events to facilitate the enrichment of cultural exchange between participants of
Competition and Model United Nations.
The 22nd Economix: Global Economic Challenges (will be referred to as The 22nd Economix
hereinafter) carries the grand theme of: “The Surge of Technological Power: Engine for Global
Economic Change”. The Fourth Industrial Revolution has expedited the pace of adoption of
technologies and shifted the frontier between humans and machines across sectors and geographies.
These advancements also evoke mounting concerns about their potential effects on the workforce,
particularly amidst the current scenario of heightened inequality and polarization within the labor
market. Beyond its influence on the labor market, the proliferation of technological advancements
including artificial intelligence, the Internet of Things, additive manufacturing (3D printing), and
Blockchain has also been instrumental in reshaping the dynamics of global trade and commerce. But
as technological advancements continue to reshape industries and economies, the persistence of
disparities in access to and utilization of these technologies becomes evident. The pandemic has
exacerbated the digital divide for an estimated 55% of the global population that remains
unconnected.
As the biggest economic event held by students in Indonesia, The 22nd Economix aims to
drive the discourse on the imperative issues of technological advancements from all disciplines. We
are delighted to provide opportunities for everyone to analyze the outlook of the labor market, global
trade and commerce, the digital divide, and even better, to design a framework that can tackle the
world’s most pressing issue.
 INTERNATIONAL SEMINAR

Event Description
The 22nd Economix International seminar consists of two distinct events: the
pre-event known as the International Dialogue and the main event called the International
Seminar. The International Dialogue will act as an introductory component to the
International Seminar, presented in a different format that involves a moderated discussion
centered around its own unique grand theme. The International Seminar is further
organized into three sessions, each focusing on different subthemes. Some sessions feature a
keynote address, while others include both a keynote session and moderated discussion.

The 22nd Economix International Dialogue

In the past, the International Dialogue has been successful in educating international
audiences regarding niche issues that have an effect on the global economy. The current
theme for this year’s International Dialogue is “The Integration of Digital Finance into
Monetary Systems” Central banks are now opting for digital integration in order to embolden
their functions and to improve their controls over the nation’s money supply, monetary
policy, and financial system stability. The usage of central bank digital currencies, digital
payments, and digital banking may prove to be a challenge however, when taking into
consideration the risks of cybersecurity, and contingencies during times of economic
downturn.

Main Theme Essay

“The Integration of Digital Finance into Monetary Systems”
As we transition into a world without the grasp of the COVID-19 pandemic, the
effects that occurred in the wake of it still follows us into the present day. Multiple sectors
have seen rapid technological improvements in order to compensate for the remote nature of
lockdown, and many central banks have seen a shift towards the implementation of digital
currencies. The Global Findex 2021 database shows that more than two thirds of the adult
population receive their wages electronically, and over 76% have their own bank account.
40% of people in low to middle income countries have even made their first digital payment
since the start of the pandemic. This growth is driven by the increased convenience, security
and accessibility for the digitization of financial systems
 The digitization of the monetary system can encompass the usage of digital payments
and the creation of central bank digital currencies (CBDCs). Governments and central banks,
as well as organizations like the World Bank, are promoting the usage of these services in
order to provide connectivity and inclusion through easier regulations and policies. CBDCs
alone are capable of tracking every single transaction made by the populace, which can
enhance the impact governments can have on the economy. It also ensures that money can
remain a relevant unit of account, even if cash itself becomes obsolete. In Indonesia itself,
the central bank has started to push for the development of the digital rupiah by utilizing
blockchain technology. Indef has stated that the widespread adoption of the QRIS system has
been put as the benchmark for the success of these CBDC. The 2025 Vision for Indonesia
Payment Systems wants to ensure the streamlining of central bank functions, pushing for
collaboration with private banking systems as well as fintech development to ensure security
and privacy of users.
Despite these promising benefits, the digital finance sector still faces challenges and
shortcomings. There are serious risks in untethering our money into an intangible shape.
Serious economic downturn may prove to be difficult to handle as there isn’t a physical item
to hold value, it may well be just some numbers on a screen. Failure in adjusting to these
issues may also disrupt the global financial system as it undermines public trust in the central
banks’ ability to manage the country. The innovation that comes with this integration will
need to be balanced with consumer protection as it is even easier to directly change the
money that we hold. Cybersecurity will need to be up to standard in order to prevent such
attacks. With all this happening, more and more unbanked people will find it significantly
harder to adapt to this digitalization, and may even find themselves unable to pay for their
needs. This is why it is imperative that central banks can not only foster digital growth, but
also ensure everyone can benefit from it.
The 22nd Economix International Seminar
In the past, the International Seminar has managed to educate the global public on
crucial and interesting themes related to global economic issues. This year’s International
Seminar will focus on the topic of “Reimagining The Global Economic Landscape amidst
Technological Transformation” The seminar will cover a variety of topics including
reshaping the labor market in the wake of automation, promoting digital inclusion for
developing countries, and digital collaboration on improving global trade. By discussing the
issues that surround the changes driven by the current technological transformation from a
number of different viewpoints, it is hoped that we will be able to come together and find
new ways to tackle the challenges that the world is facing related to human resources,
economic growth, and social well-being.

Grand Theme Essay

“ Reimagining the Global Economic Landscape amidst Technological Transformation”

Progressively, the frontier of what is deemed possible is pushed further with the
advent of technology. Our lives have never been more connected to each other, with over 5.3
billion people accessing the internet at the start of 2024 (Datareportal, 2024). The creation of
robots and artificial intelligence have also automated most industries, making processes such
as manufacturing, finance and commerce efficient beyond human capabilities. However,
these advantages are accompanied by certain drawbacks. Economies are heavily reliant on
digitalization for rapid growth, and such advancements aren’t always equally distributed to
everyone. There is a fear of replacement when human labor becomes obsolete against
machines. This presents us with a problem and opportunity in shaping the global economy as
we step into the fifth industrial revolution.

The increase in computing power has led to a shift in labor markets, resulting in a
polarization of employment. Within the next five years, about 97 million new job roles will
emerge, and 50% of the global workforce will need to reskill. The green economy will see a
rise in job demand, particularly in AI, engineering, and product development. To stay
relevant, workers must adopt a new perspective on reskilling with a sense of urgency (World
Economic Forum, 2020).
 Automation will impact the workforce by displacing around 15% of the global
workforce, which amounts to approximately 400 million workers, by 2030. This will occur
between 2025-2030, and certain occupations will be significantly impacted. However, by
2030, the demand for labor is expected to increase between 21% to 33% of the global
workforce, leading to additional economic benefits and new job opportunities. Machines will
complement human labor, and repetitive tasks jobs may shift to a management and
troubleshooting model for automated systems. AI and automation tech can generate value for
businesses and society, foster economic growth, and tackle complex challenges. By
leveraging these technologies, businesses can optimize their processes and achieve better
outcomes, boosting the economy and driving progress toward a brighter future (McKinsey,
2018).

While the change technology and digitalization brought has been vast, not all is able
to keep up. A major issue that has emerged in the matter of adjusting to technological
transformation is ensuring that everyone is able to make use of the technology itself. The
obstacle goes beyond providing basic access to the internet, digital literacy and affordability
must be increased in order to reach true digital inclusion. In effort to achieve that,
collaboration between the government and the private sector is pivotal. The government’s key
role as policy makers enables them to lay the foundation by instituting and enacting policies
that cultivate the development of digital infrastructures, increase digital literacy within the
population, and ensure more affordable prices. However, more often than not, private
companies hold the resources crucial to accomplish the goal. It is often mistakenly perceived
that the private sector is less than interested towards inclusion. A more accurate outlook, as
revealed in the e-Conomy sea report, is that businesses need inclusion to grow sustainably
(Google; Temasek; Bain and Company, 2023).

In the digital age, technology tools such as Artificial Intelligence, blockchain, and
customs e-declarations have great potential to improve cross-border flows of goods,
contributing significantly to global trade. Historically, enhancement of global trade has been
successfully done through international trade agreements. As of 2022, 116 regional trade
agreements or RTAs have incorporated provisions regarding digital trade, which amounts to
33% of all existing RTAs (López González, Sorescu and Kaynak, 2023). Collaborations on
technologies between countries is also an instrument in driving innovation, enhancing
competitiveness, and ensuring a secure and sustainable future in an increasingly
interconnected world. International collaboration enables nations to leverage their strengths,
access new markets, and develop innovative solutions to complex challenges.

This international seminar with the theme of “Reimagining the Global Economic
Landscape amidst Technological Transformation” strives to explore the implications of
automation towards the labor market and employment, promotion of digital inclusion in
developing countries, and technological collaboration in improving global trade. Speakers are
expected to delve deeper on how automation and the development of technology is affecting
the labor market in light of creation and decline of particular jobs stemming from the
transformation. Speakers are also expected to discuss strategies that encourage digital
inclusion and what can be done by both the private sector and public sector to provide
impactful solutions. Finally, it is also expected that speakers provide insights into
collaborations done bilaterally, regionally, or globally between nations in and relating to
technology, with the objective to enhance trade.

Respective speakers, representing a diverse range of perspectives including policy

makers, economists, government officials and non-governmental organizations, can provide
their expert opinions and in-depth analysis on the topic.

Important Dates
1. International Dialogue: 2 September 2024, 13.30 - 17.00 GMT+7
2. International Seminar: 11th February 2025
● Session 1 : 09.00–13.05 GMT +7 (Western Indonesian Time)
● Session 2 : 14.00–18.10 GMT +7 (Western Indonesian Time)

Should you have further inquiries, please contact:

1. Kennedy (+6281575397868)
2. Nayla (+6282249339351)
3. Bella (+6289506754671)
or by email at seminar.economixfebui@gmail.com
 INTERNATIONAL COMPETITION

Grand Theme
“The Surge of Technological Power: Engine for Global Economic Change”

The Fourth Industrial Revolution has expedited the pace of adoption of technologies
and shifted the frontier between humans and machines across sectors and geographies. These
advancements also evoke mounting concerns about their potential effects on the workforce,
particularly amidst the current scenario of heightened inequality and polarization within the
labor market. In the ASEAN-5 countries (Cambodia, Indonesia, the Philippines, Thailand,
and Vietnam), 88% of all jobs are classified as being at either high or medium risk of
automation. As the potential scope of automation and augmentation continues to broaden
driven by the maturation and mainstream application of AI techniques across sectors, it
remains to be observed how rapidly evolving technologies such as generative AI technology
may further alter the composition of automatable tasks during the 2023–2027 period.

Beyond its influence on the labor market, the proliferation of technological

advancements has also been instrumental in reshaping the dynamics of global trade and
commerce. Digital technologies, including artificial intelligence, the Internet of Things,
additive manufacturing (3D printing), and Blockchain, have become feasible due to the
exponential growth in computing power, bandwidth, and digital information. Certain AI
applications offer potential benefits to trade in goods, such as optimizing route planning and
facilitating autonomous driving, which can reduce logistics costs. Notwithstanding the
advantages conferred by digital technologies, they are also giving rise to a number of
concerns and questions, including about market concentration, loss of privacy, productivity
and the digital divide.

As technological advancements continue to reshape industries and economies, the

persistence of disparities in access to and utilization of these technologies becomes evident.
The pandemic exacerbated the digital divide for an estimated 55% of the global population
that remains unconnected. In Southeast Asia, approximately 150 million adults, constituting
31% of the population, are digitally excluded, primarily due to factors such as illiteracy, low
income, urban-centric economic activity, and limited access to capital for small and
medium-sized businesses (SMEs). Individuals excluded from participation in the formal
digital economy often experience a lack of technological empowerment, are subjected to
elevated fees, and may encounter increased exposure to intermediaries and higher-risk
systems.
The phenomenon of rapid technological advancements is anticipated to fundamentally
shape the future global economic landscape, exerting substantial impacts on labor markets
worldwide as well as on the domain of trade and commerce.

Sub-Themes
The 22nd Economix Competition consist of three subthemes:
1. “The Impacts of Technological Development on the Labor Market”

The 4th Industrial Revolution, also known as industry 4.0 has brought upon
new technological trends like automation, big data analysis, and digitalization. These
new technological trends are caused by the accelerating development of technology.
The rise of technological innovation has been a source of growth while
simultaneously causing disruptions for economies. Technology can boost productivity
and expand the employment market, however it also causes structural adjustment
resulting in the emergence of new jobs and the decline of others1. Forcing the labor
market to experience drastic changes trying to adapt towards the rapid growth of
technology.
Technological development has brought forth computerization and automation
in the labor market hence the drastic changes towards the employment market. With
the advent of new algorithms for big data through computerization, there is now the
potential for substitution of human labor in a wide range of non-routine tasks2.
Cognitive tasks are also at risk of being replaced by machines because of the
continuous trend towards automation. If the current trend continues, about 375 million
workers globally may be at risk of job losses by 2030. 47% of the jobs in advanced
economies were at high risk of being automated in the coming decades. 3However, the
4th Industrial Revolution will create more wealth and additional jobs elsewhere in the
economy and the number of new jobs will grow dramatically.4 The problem then lies
1
Peralta-Alva, A., & Roitman, A. (2018). Technology and the Future of Work. IMF Working Papers, 18(207), 1.
https://doi.org/10.5089/9781484374979.001
2
Lauren, E. A. (2021). The Fourth Industrial Revolution in Banking Sector: Strategies To Keep Up With Financial Technology.
SSRN Electronic Journal. https://doi.org/10.2139/ssrn.4049913
3
Peralta-Alva, A., & Roitman, A. (2018). Technology and the Future of Work. IMF Working Papers, 18(207), 1.
https://doi.org/10.5089/9781484374979.001
4
Sun, M. (2018, May 10). The impacts of the Fourth Industrial Revolution on jobs ... Northern Ireland Council for Voluntary
Action.
 within the structural unemployment that is to come caused by the development of
technology, heralding new job requirements and new job skills, which requires the
labor force to adapt.
In order for the labor force to be absorbed into the economy, reskilling and
upskilling is needed. The World Economic Forum projected in its Future of Jobs
Report 2020 that 50% of all employees worldwide would need reskilling by 2025.
Knowing that some jobs are easily substitutable and automated, while others are not.
For example, jobs that are highly routine, or based on big data analysis are examples
of sectors that are highly substitutable by machine learning. For that reason, in a labor
intensive industry, routine tasks will need reskilling while professionals need
upskilling5. Skills that may be prominent right now, may not be considered important
in the near future. Even if there are increasing new job opportunities, to take on new
jobs, one needs to have the skills and knowledge that industries seek6.
Technological development has both positive and negative impacts.
Technology further progressing can and will improve efficiency while also creating
employment. On the other hand the employment created by technology will cause
structural adjustment towards the economy hence disrupting the labor market. With
the rise of automation and computerization many jobs are at risk of changing or being
replaced. Policymakers should develop the labor market in order to accommodate the
changes brought by technological development, therefore mitigating possible
economic hardship in the long run.

2. “Bridging the Digital Divide Across Nations”

In an era where technological development accelerates, it becomes important
for equitable access to those technologies to be established amongst regions.
However, there are only about 35% of the population in developing countries that
have access to the internet, while in developed economies the percentage takes up to
80%7. Despite the internet spike that led to 466 million more people being able to
access the internet for the first time in 20208, there is still the lack of equitable access
https://www.nicva.org/sites/default/files/d7content/attachments-articles/the_impact_of_the_4th_industrial_revolution_on_jobs_a
nd_the_sector.pdf
5
Morey, C. C., Cong, Y., Zheng, Y., Price, M., & Morey, R. D. (2015). The color-sharing bonus: Roles of perceptual organization
and attentive processes in visual working memory. Archives of Scientific Psychology, 3, 18-29.
https://doi.org/10.1037/arc0000014
6
Morey, C. C., Cong, Y., Zheng, Y., Price, M., & Morey, R. D. (2015). The color-sharing bonus: Roles of perceptual organization
and attentive processes in visual working memory. Archives of Scientific Psychology, 3, 18–29.
https://doi.org/10.1037/arc0000014
7
https://www.worldbank.org/en/topic/digitaldevelopment/brief/connecting-for-inclusion-broadband-access-for-all
8
International Telecommunication Union. (2023, November). Digital inclusion of all. ITU International.
https://www.itu.int/en/mediacentre/backgrounders/Pages/digital-inclusion-of-all.aspx
 to technology when comparing urban and rural areas, whereby the former represents
only 76% and the latter 36% of the population9. To achieve Goal 9 of the SDG, it
becomes important to strive for digital inclusion amongst nations and backgrounds.
The digital divide should be understood on a socio-economic level,
recognizing that a gap exists between accessibility of individuals and households to
the opportunities from utilizing Information and Communications Technologies
(ICTs). At the moment, there are two major existing issues: achieving universal
connectivity and meaningful connectivity as a means to recognize that solving the
digital divide should be balanced with establishing high quality tech infrastructure and
skills10. For developing economies, the challenge is to fund large costs on
technological infrastructure which are estimated to be $5.6 trillion annually from
2023-2030 and annual cost per person of $1,23111.
Initiatives such as China's Digital Silk Road (DSR) may solve issues related to
investing in technological infrastructure. The aim of the DSR is to create greater
“connectivity and digital economic growth”12. The initiative allowed greater
broadband connections in regions such as Africa from 22% to 83%13. Yet the risks
involved such as excessive debt, data breaches, and threats to the recipient country’s
sovereignty through structural dependence14 further indicates the external influences
that can be a barrier to solving the digital divide.
On a micro scale, individuals living in developing economies spend an
average cost of 9% of their average income on a basic mobile data plan, a contrasting
gap to the targeted cost of broadband by 2% of monthly GNI per capita15. Since
Digital Inclusion includes not only access to the internet, it is also the promotion of an
“equitable, meaningful, and safe access to use, lead, and design of digital
technologies”, placing importance on having both the capacity and skillset to use
those technologies16. This makes establishments of smart cities, which are cities that
focuses on improvements in the quality of life through collection of personal data and

9
Observer Research Foundation. (2022, November). Understanding the digital divide in financial inclusion . orfonline.org.
https://www.orfonline.org/expert-speak/understanding-the-digital-divide-in-financial-inclusion
10
International Telecommunication Union. (2022, September). Press release: Internet surge slows, leaving 2.7 billion people
offline in 2022. ITU. https://www.itu.int/en/mediacentre/Pages/PR-2022-09-16-Internet-surge-slows.aspx
11
The costs of achieving the sdgs: Digitalization. UNCTAD. (2023). https://unctad.org/sdg-costing/digitalization
12
https://www.iiss.org/sv/online-analysis/online-analysis/2022/12/digital-silk-road-introduction/
13
Arnold PhD Candidate, S. (2024, March 6). Africa needs China for its digital development – but at what price?.
The Conversation. https://theconversation.com/africa-needs-china-for-its-digital-development-but-at-what-price-222905
14
Economy, E., & Gewirtz, J. (n.d.). China’s Digital Aid: The Risks and rewards. Council on Foreign Relations.
https://www.cfr.org/china-digital-silk-road/
15
Press release - Internet more affordable and widespread, but world’s poorest still shut off from online opportunities. ITU.
(2022b, November). https://www.itu.int/en/mediacentre/Pages/PR-2022-11-30-Facts-Figures-2022.aspx
16
Digital Inclusion | Workplan Roundtable. United Nations Office of the Secretary-General’s Envoy on Technology. (n.d.).
https://www.un.org/techenvoy/sites/www.un.org.techenvoy/files/general/Definition_Digital-Inclusion.pdf
 infrastructure developments17 prominent to be discussed. Furthermore, connectivity
and digital inclusion in terms of smart cities can be established when further
deliberation to the four pillars set by the UN-Habitat; stressing the importance of the
digital equity pillar to allow individuals from “being passive consumers of
technologies and urban environments, to being active contributors to them”18.

3. “Revolutionizing Global Commerce through Digital Technology”

The dawn of the digital age has heralded a new era for global commerce,
fundamentally altering the way nations and businesses engage in trade and
transactions. Global e-commerce sales reached $4.28 trillion in 2020, with projections
expecting it to surpass $5.4 trillion by 2022. The growth of e-commerce has allowed
small and medium-sized enterprises (SMEs) to access global markets, expanding their
customer base beyond geographical boundaries19. This happened due to digital
technologies lowers barriers to entry and enlarges market scope, reshaping consumer
habits by shifting purchases online through the widespread use of internet-enabled
devices which provide consumers with direct access to online markets20. Therefore,
digital technologies offer cost-effective production, promotion, and distribution of
goods by facilitating easier entrance and greater product diversity on the supply side.
Also supported by giant digital platforms such as Alibaba, Amazon, and Shopify
embrace more valuable international trade. Back in 2021, the worldwide social
commerce market was estimated to be worth $492 billion; by 2025, that number is
predicted to almost treble21.
The exponential growth in processing power, bandwidth, and digital
information has enabled digital technologies like Internet of Things (IoT), artificial
intelligence, blockchain, and additive manufacturing (3D printing) possible22. The
Internet of Things (IoT) can create chances for the sale of new digital goods and
services in addition to enhancing operational efficiency through improved preventive
maintenance of equipment and products. AI may be used to generate new innovation
and boost productivity in the production of goods and services. While blockchain - a
17
National Geographic Society. (2023, October). Smart Cities. Education | National Geographic.
https://education.nationalgeographic.org/resource/smart-cities/
18
Royall, E. (2021). Addressing the digital divide. UN Habitat.
https://unhabitat.org/sites/default/files/2021/11/addressing_the_digital_divide.pdf
19
Nina, E., & Nina, E. (2023, June 22). The Role of Technology in Facilitating International Trade - International Trade Council.
International Trade Council - Solving Trade-related Issues.
https://tradecouncil.org/the-role-of-technology-in-facilitating-international-trade/
20
World trade report 2018. WTO. (2018). https://www.wto.org/english/res_e/publications_e/world_trade_report18_e.pdf
21
G. (2024, February 18). How Shopify Is Leading the Charge in Social Commerce. Alibaba.com Reads.
https://reads.alibaba.com/how-shopify-is-leading-the-charge-in-social-commerce/
22
World Trade Report 2018
 digital record of transactions (ledger) can be used allows for traceable and safe
transactions, cutting down on paperwork, fraud, and counterfeiting in global trade23.
Then along value chains, most 3D printing is concentrated in upstream activities like
prototyping, product development and R&D. In a scenario in which 3D printing
continues to be used mostly for upstream activities in GVCs, it is likely that
traditional production methods and 3D printing will complement each other rather
than compete24.
As there are numerous international transactions, digital payment systems
have simplified this process. This eliminates the need for conventional approaches
such as bank transfers and checks - solving challenges in currency conversions and
long processing times. Some popular examples include Paypal, Stripe, 2Checkout,
and Authorize.net. PayPal itself reported that its total payment volume reached $936
billion in 2020, representing a significant share of global online payments25.
Digital technologies enhance more opportunities for business and government
to take part in e-commerce, proposing more consumers worldwide through global
transactions. Especially to least-developed countries (LDCs), this occasion may
modify comparative advantage in selling and supplying digital means products around
the world or by making it profitable for firms in high-income countries to reshore
certain activities. Nevertheless, digital tech raises concerns relating to loss of
consumers privacy, protection or security threats. However, once each country settles
legal regulations to conquer this obstacle, the revolution of global commerce is
unstoppable.

23
The Role of Technology in Facilitating International Trade. International Trade Council . (n.d.). https://tradecouncil.org/
24
World Trade Report 2018
25
The Role of Technology in Facilitating International Trade
Paper Competition
Participants in this competition are challenged to organize their ideas, critical
thinking, and knowledge—the concern of which is maximizing the potential of technological
advancements to pursue greater economic changes that benefit the lives of many in an
equitable manner.
This international competition is open for all undergraduate students from universities
all over the world. Participants of the paper competition consist of two to three-person teams,
with no minimum threshold for each university to send their teams to the competition. The
teams have to register online by filling in the Registration Form, obtained from our website at
www.economixfebui.com. The first stage of this competition requires participants to organize
a research paper proposal. The completed registration requirements and finished paper
proposal must be submitted to the committee no later than November 3rd 2024. The paper
proposal will be assessed by judges, who are experts in their respective fields, including
national and international academicians, economists, lecturers, and practitioners. After
careful evaluations on all the scoring results, the 22nd Economix committee will then
announce 10 teams with the best paper proposal to advance to the next stages of the Paper
Competition, where they will submit their full paper no later than January 11th 2025.

Meet-the-Experts Technical Explanation

Meet-the-Experts is a special workshop event that will be held for the top ten
finalists of the 22nd Economix paper competition. In this event, participants will get
an insightful material sharing session from a distinguished speaker, and participants
are also given the opportunity to consult with mentors from top research institutions
regarding their paper progress and receive feedback through a mentoring session.
Participants will get the chance to improve their papers through revisions given by
their mentor. This event will be held twice within a roughly one-month interval for the
participants to develop their final papers. Finalists will be e-mailed an invitation to
join the Meet-the-Experts event along with the announcement of the top ten finalists
of the paper competition.
On the Meet-the-Experts date, participants will be required to join an online
meeting where they will be divided into breakout rooms to consult with their
respective mentors. There will be a total of 3-5 researchers that will work together
with The 22nd Economix as mentors for the Meet-the-Expert event and each
researcher will be mentoring two teams. Each mentoring session will take as long as
20 minutes maximum for each team.

Knowledge Assessment Stage Explanation

Knowledge Assessment is a Question and Answer session (“Q&A”) between
the participants and the adjudicators of the paper competition. The question and
answer will be based on a case study prepared by the committee and/or research
partner. This stage of the competition aims to widen participants’ knowledge not
limited to the sub themes that are covered in the paper they are composing, but also to
the overall topic of the competition.
The Knowledge Assessment will begin with an opening speech given by the
Chief Programming Officer (“CPO”) of The 22nd Economix. Afterwards, there will
be five Knowledge Assessment sessions with a duration of 30 minutes per session.
Two groups will go through the knowledge assessment in separate rooms yet are done
simultaneously. The session occurs as a closed event, only attended by adjudicators
and the Top 10 finalists of the competition. To ensure the scope of the topics and the
level of difficulty of the questions asked, the competition division will prepare a case
and question guideline for the adjudicators. The questions that will be asked consist of
four committee-prepared questions and one follow-up question of the adjudicators’
choice regarding one of the chosen sub-themes of the 22nd Economix.

Conference Finals
Conference Finals is the Grand Final stage in which participants' papers are
presented to the adjudicators. The meeting will begin with the Chief Executive
Officer (“CEO”) of The 22nd Economix providing the introductory remarks. Each
team will deliver their paper presentation, submitted to the committee through email
two days prior, in which the presentation is limited to 12 minutes. External parties
other than the adjudicators are not permitted to attend the conference. Following the
presentation, there is a Q&A session in which the adjudicator can ask questions to
evaluate and test the participant's paper materials. The question and answer session
will run no more than 12 minutes, giving each adjudicator 4 minutes to ask questions
and receive responses. Each team will be then given the time to mention concluding
statements as the session ends.
 Winner Categories
The total prizes to be awarded to the Paper Competition winners are:
1. 1st place with a total prize of US$ 1,000 in cash.
2. 2nd place with a total prize of US$ 600 in cash.
3. 3rd place with a total prize pool of US$ 400 in cash.
4. Best Paper with a total prize of US$ 70 in cash.
5. Best Team Presentation with a total prize of US$ 30 in cash.
The total prize value of 22nd Economix: Global Economic Challenges is US$ 2,100

Essay Competition
Participants in this competition are challenged to organize their ideas and knowledge
in the context of ongoing global economic problems into sharp and critical academic essays.
This international competition is open for all undergraduate students from universities
worldwide who possess a huge interest in economics and in taking part in the Essay
Competition. Participants of the Essay Competition register individually with no minimum
threshold for one university or institution to send their teams to the competition. The
participants have to register online by filling in the Registration Form, obtained from our
website at www.economixfebui.com. Together with the essay, the completed Registration
Form must be submitted to the committee no later than December 1st, 2024. The essays will
be assessed by judges, experts in their respective fields, including national and international
academicians, economists, lecturers, and practitioners. The three best essays will be selected
as the winners of the Essay Competition of the 22nd Economix and receive prizes from the
committee.

Winner Categories

The total prizes to be awarded to the Essay Competition winners are:

1. 1st place with a total prize of US$ 200 in cash.
2. 2nd place with a total prize of US$ 150 in cash.
3. 3rd place with a total prize pool of US$ 100 in cash.
The total prize value of 22nd Economix: Global Economic Challenges is US$ 450
Policy Brief Competition

With the aforementioned grand theme and subthemes of The 22nd Economix,
participants in the Policy Brief Competition are challenged to organize their ideas and
knowledge in the context of ongoing global economic problems into a sharp, solutive, and
informative policy brief.

This international competition is open for all undergraduate students from universities
worldwide who possess a huge interest in economics and in taking part in the Policy Brief
Competition. Policy Brief Competition participants consist of two to three-person teams, with
no minimum threshold for each university to send their teams to the competition. The teams
have to register online by filling in the Registration Form, obtained from our website at
www.economixfebui.com. The first stage of this competition requires participants to write a
policy brief essay. The completed registration requirements and finished policy brief essay
must be submitted to the committee no later than November 24th 2024. The policy brief
essay will be assessed by judges which are experts in their respective fields, including
national and international academicians, economists, lecturers, and practitioners. After
evaluating the scores received from each adjudicator, the 22nd Economix committee will then
announce 6 teams with the best policy brief essay to advance to the next stages of the Policy
Brief Competition. These stages are the Campaign Content Submission and Policy Brief
Grand Final, highlighting that participants have to submit their campaign content no later
than January 19th 2025.

Policy Brief Meet-the-Experts Explanation

Policy Brief Meet-the-Experts is a special workshop session for all registrants
of the Policy Brief Competition as well as to the public audience. This event aims to
allow participants to gain insightful material presented by distinguished speakers of
high expertise and backgrounds. The first speaker of the Policy Brief
Meet-the-Experts will explain more on the general substance that relates to the 22nd
Economix Grand Theme and its related sub-themes. In this same session, the second
speaker will explain the technicalities and related material contents of what a policy
brief contains. This event will be held once on October 16th, 2024 for the
participants before the Top 6 Announcement. Finalists and registrants of the Policy
Brief Meet-the-Experts session will be e-mailed an invitation to join the event
remotely.
Campaign Content Explanation
After the Top 6 Announcement, the selected teams with the highest score
based on the policy brief essay will continue to do campaign content submission that
is intended to help participants create effective, persuasive, and high-quality content
that can be used for advocacy and outreach. Finalists are required to create campaign
content in the form of an infographic. This format allows for the concise and visually
engaging presentation of key information and messages related to the policy brief.
The finished campaign content must be submitted to the committee and published on
finalists’ social media no later than January 19th 2025.

Policy Brief Grand Final Stage Explanation

Conference is a session in which participants' policy briefs are presented in
front of the adjudicators. The meeting will begin with the Chief Executive Officer of
The 22nd Economix providing the introductory remarks. Following the introductory
remarks, each team will deliver their policy brief presentation that had been submitted
to the committee through email two days prior. The presentation is limited to 12
minutes. External parties other than the adjudicators are not permitted to attend the
conference. Following the presentation, there is a question and answer session in
which the adjudicator can ask questions to evaluate and test the participant's policy
brief materials with a total of 18 minutes.

Winner Categories
The total prizes to be awarded to the Policy Brief Competition winners are:
1. 1st place with a total prize of US$ 350 in cash.
2. 2nd place with a total prize of US$ 300 in cash.
3. 3rd place with a total prize pool of US$ 250 in cash.
4. Best Campaign Content with a total prize of US$ 50 in cash.
The total prize value of 21st Economix: Global Economic Challenges is US$ 950
Important Dates
Paper Competition
1. Call for Paper Proposal
a. Early Bird Registrations
b. Regular Registrations
2. Paper Proposal Submission
3. Top 10 Announcement
4. Meet-the-Experts 1
5. Meet-the-Experts 2
6. Full Paper Submission
7. Study Case Distribution
8. Day 1: Knowledge Assessment
9. Day 2: Conference Finals
10. Winner Announcement
Essay Competition
1. Call for Essay
a. Early Bird Registration
b. Regular Registration
2. Essay Submission
3. Top 3 Finalist Announcement
4. Essay Winners Announcement
Policy Brief Competition
1. Call for Policy Brief Essay
a. Early Bird Registrations
b. Regular Registrations
2. Policy Brief Essay Submission
3. Meet-the-Experts
4. Top 6 Announcement
5. Campaign Content Submission
6. Policy Brief Grand Final
7. Winner Announcement
Should you have further inquiries, please contact:
1. Anggia Putri (+6285893227587)
2. Krisalin Marpaung (+6281519268022)
3. Haedar Sjahrir (+6287771766757)
or by email at competition.economixfebui@gmail.com
: August 15th - November 03rd 2024
: August 15th - September 06th 2024
: September 07th - November 03rd 2024
: August 15th - November 03rd 2024
: November 20th 2024
: November 23rd 2024
: December 07th 2024
: November 21st 2024 - January 11th 2025
: February 11th, 2025
: February 12th, 2025
: February 13th, 2025
: February 14th, 2025
: August 15th – September 6th 2024
: September 7th – December 1st 2024
: August 15th – December 1st 2024
: January 8th 2025
: February 14th 2025
: August 15th - November 24th 2024
: August 15th - September 06th 2024
: September 07th - November 24th 2024
: August 15th - November 24th 2024
: October 16th 2024
: November 23rd 2024
: December 15th 2024 - January 19th 2025
: February 14th, 2025
: February 14th, 2025
 MODEL UNITED NATIONS

Event Description
The Economix Model United Nations (MUN) is an annually recurring program of the
22nd Economix. As the event’s own Model United Nations, it strives to simulate a United
Nations conference that allows participants to act as delegates and reach a joint consensus on
a specific issue. As representatives of their assigned countries, participants will use and
sharpen their public speaking, critical thinking, diplomatic and leadership skills in this
educational simulation. From this MUN, it is expected that participants can increase their
knowledge in diplomacy, international relations, and world affairs to offer solutions
surrounding nations development and world trade. This year’s MUN will take place again at
an on-site conference for six committee sessions and workshops distributed within three days.

International Labor Organization (ILO) - Beginner

“Empowering the Global Workforce: Reskilling and Upscaling for the 4IR Era”
The International Labour Organization (ILO) is a specialized agency of the United
Nations dedicated to promoting social justice and internationally recognized human and labor
rights. The ILO aims to advance opportunities for women and men to obtain decent and
productive work in conditions of freedom, equity, security, and dignity. It brings together
governments, employers, and workers' representatives from 187 member states to formulate
labor standards and develop policies and programs promoting decent work for all. This
tripartite structure makes the ILO unique within the UN system, as it provides an equal voice
to all three groups in the drafting and implementation of labor standards and policies.

The 4IR is characterized by a fusion of technologies that blur the lines between the
physical, digital, and biological spheres, encompassing developments in fields such as
artificial intelligence (AI), robotics, the Internet of Things (IoT), autonomous vehicles, 3D
printing, quantum computing, and nanotechnology. This revolution is transforming industries,
economies, and the nature of work itself at an unprecedented pace. The rapid pace of
technological innovation, including artificial intelligence (AI) and digitization, has profound
implications for the labor market. The 4IR builds upon the digital revolution of the late 20th
century, marking a significant leap in the integration and advancement of technology. Its
influence on the labor market is profound, as it not only transforms existing jobs and
industries but also creates new ones, demanding a workforce skilled in emerging
technologies. The rapid evolution of technology under the 4IR presents both opportunities
and challenges for workers and employers across the globe.

United Nations Conference on Trade and Development (UNCTAD) - Intermediate

“Exploring the Digital Silk Road: Addressing Black Market Challenges and
Technological Engagement Among Nations”
The United Nations Conference on Trade Development and Development is an
intergovernmental organization within the United Nations Secretariat that promotes the
interests of developing countries in world trade. UNCTAD supports implementation of
Financing for Development, as mandated by the global community in the 2015 Addis Ababa
Agenda, alongside four other major institutional stakeholders: the World Bank, the
International Monetary Fund, the World Trade Organization, and the United Nations
Development Programme.

The challenge of black market activities presents significant obstacles to technological

engagement among nations. To address this issue, nations must collaborate closely to enhance
regulatory enforcement, share intelligence on illicit activities, and develop innovative
technological tools to detect and prevent illicit trade. By fostering international cooperation
and harnessing the power of technology, nations can mitigate the negative impact of black
market challenges and create a more conducive environment.

The Disarmament & International security council (DISEC) - Intermediate

“State-Sponsored Terrorism: Addressing the Concerns of Technology Espionage”
The Disarmament and International security council is a United Nations agency
whose task is to address and deal with issues that are related to disarmament challenges to
global security as well as threats to international peace. It primarily focuses on issues related
to disarmament, global security, and international conflicts. DISEC discusses and formulates
resolutions aimed at promoting peace and security, preventing the proliferation of weapons,
and addressing threats to international stability.
 State-sponsored terrorism is a form of terrorist violence that is created or supported by
the national governments towards violent non-state actors as a deliberate foreign policy tool.
Unlike non-state terrorist groups, which operate independently of government control,
state-sponsored terrorism involves the direct or indirect backing of a nation-state. The world
of cyber espionage is becoming increasingly complex, with the lines between state actors and
private entities blurring. A recent leak of internal documents from a Chinese security firm has
raised concerns about China's potential use of private companies to conduct state-sponsored
espionage. The background of this issue lies in China's rapid technological advancements and
its desire to become a global leader.

Economix MUN Workshop

The Economix Model United Nations Workshop is an event consisting of a crash
course about diplomacy, presentation of mastering MUN conference or Master MUN and a
simulation of the upcoming committee session titled as Committee Session 0. The workshop
will be held on 12th of February 2025, the day preceding the first MUN Conference, to
educate and engage registered MUN delegates about the conference and the two councils as a
part of the delegates’ preparation package. The workshop will also invite a distinguished
speaker specializing in MUN and/or diplomacy for the opening speech, a diplomat or experts
in relations to council’s topic for the Keynote Session, as well as a presenter for the Master
MUN session that gives materials needed to become an MUN delegate, as well as how to
excel in an MUN conference.
Important Dates
1. Call for Chairs : June 7th — July 7th , 2024
2. Call for Delegates
a. Early Bird Registration Phase: August 21st -September 30th ,2024
b. Regular Registration Phase : October 9th — December 14th , 2024
3. Position Paper Submission Deadline : January 26th, 2024
4. Technical Meeting : February 10th , 2024
5. Economix MUN Workshop : February 12th , 2024
6. MUN Conference Day 1 : February 13th , 2024
7. MUN Conference Day 2 : February 14th , 2024

Should you have further inquiries, please contact:

1. Nathania Rhae (+62 87770700909)
2. Mahira Alula (+628119991145)
3. Shaway Farid (+6282211226788)
or by email at mun.economixfebui@gmail.com.