BOSTON, MA — How would you improve the world economy? This is the question 500 high school students from Massachusetts, New Hampshire and Connecticut will try to answer at the 2013 Boston International Economic Summit taking place on Wednesday, December 4th at Gillette Stadium, One Patriot Place, Putnam Club East in Foxboro, Mass.
98 student teams, representing different countries, will negotiate trade alliances, form economic policies, invest in long term projects, compete for scarce resources, and seek to stabilize and advance the global economy. The Summit is the end to a semester-long program dedicated to teaching students basic concepts on international economics, global trade, political relations, and world geography.
“The Summit program teaches students what it takes to make interdependent nations competitive in today’s dynamic economy. After participating in this program, students realize they are part of a global community,” said Alice Cornish White, president of the Massachusetts Council on Economic Education.
Sponsors of the Summit include the Challenger Foundation, Santander Universities, Gillette Stadium and Patriot Place, the Massachusetts Council on Economic Education, and the International Economic Summit Institute at Boise State University.
“Santander is proud to sponsor the 2013 Boston International Economic Summit,” said Eduardo Garrido, director of Santander Universities US “In today’s global economy, it’s vitally important to prepare students with experiences that really broaden their knowledge of issues facing countries around the globe. The Summit is a wonderful opportunity--and aligns very well with Santander Universities’ mission of improving society overall through higher education and the exchange of ideas.”
Globally, Santander Universities has forged long-term partnerships with more than 1,050 universities in 20 countries. Last year, the program supported more than 4,100 new projects and 37,000 scholarships through higher education institutions around the world. Santander Universities was introduced in the United States in 2009 and now has collaboration agreements with 27 universities and colleges. In 2012, Santander Universities US provided $8.5 million in funding to support global exchange, research, entrepreneurship studies and over 950 scholarships.
The International Economic Summit Institute originated at Boise State University. It operates within the Idaho Council on Economic Education, a nonprofit founded in 1971.The ultimate mission of the program is to positively impact the long-term stability and prosperity of the global economy by providing a motivational, activity-based learning experience to students.
During the Summit, community volunteers act as bankers and scorekeepers to track points awarded to each team. Awards are given in seven categories including team achievements such as Top High Income County, Winning Costume, and an overall winner of the Summit.
About Massachusetts Council on Economic Education
The Massachusetts Council on Economic Education was founded in 1950. It was the first state council to be affiliated with the New York-based national Council for Economic Education. MCEE is the only non-profit organization in Massachusetts whose exclusive focus is on the promotion and facilitation of economic and personal financial education for students and teachers.