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February 2018

International economy, high school-wide cooperation arrives at Belmont

By International economics No Comments

Photo: Belmont students (left to right) Zachery Tseng, Julia Logan, Camilla Carere and Sofia Schlozman won first place overall and first place for low income countries at the 2018 International Economic Summit.

Fifty-two students from Beijing joined students from Belmont, Andover and Bedford High Schools to attend the 2018 China-U.S. International Economic Summit, held earlier this month at Belmont High School.

The Summit is a full-day interactive simulation that requires students to participate in a wide range of events, including quizzes (in personal finance, news, economics, and geography), debate, and a business simulation in which students must negotiate between trade barriers, tariffs and financial limitations to execute a predetermined list of imports.

The International Economic Summit, which is run by Boise State University, takes place 30 times a year across the United States. The summit brought together 125 students forming 32 teams of 4 students. Awards were given for best costume, best tabletop display, and best performing countries in each of the following categories (low income, middle income, high income and overall).

The one that took place at Belmont High School is unique because it is the only one that brings together mixed teams of students from two different countries. Students from Belmont and Bedford were part of teams made up of two American students and two Chinese students. The summit involves a significant amount of pre-summit preparation, so students at Bedford and Belmont have been communicating with Chinese students for almost two months. Before the summit, the students answered two questionnaires, created a global proposal and made a one-minute video of that proposal involving all members of the group.

Belmont students Julia logan and Sofia scholzman, with their Chinese partners, Jing jing and Hongguang Paio, won the best performing low-income country, Vietnam, in addition to having the best display of the table. Belmont students Zachery Tseng and Camille Carrière, with their Chinese teammates, Tantong Huang and Zicheng Zhao, won the whole summit.

The summit was hosted in conjunction with Boise State and the LEAF Network, which is a professional development group led and led by educators in economics and finance. You can find more information about LEAF at http://www.theleafnet.org/

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