Director:
Andrew Hermann
Under-Secretary-General:
Anny Qiu
The global economy has entered uncharted territory. For years, artificial intelligence fueled unprecedented market enthusiasm: trillion-dollar valuations, speculative venture capital, and a race among governments and corporations to dominate the next technological revolution. But the boom has suddenly turned to panic. Following a series of catastrophic AI model failures, regulatory leaks, and the exposure of inflated valuations across major tech firms, the Dow Jones has plunged 2,000 points in a single day. Markets across the globe are spiraling as investors question whether the AI revolution was ever as profitable, stable, or ethical as promised.
Now the world’s most powerful decision-makers are scrambling to contain the fallout. Central bank chairs debate emergency rate interventions. Finance ministers weigh sweeping regulatory crackdowns. Tech CEOs struggle to salvage collapsing companies while hedge funds and sovereign wealth funds maneuver to either stabilize markets or profit from the chaos. Meanwhile, governments fear that the bursting AI bubble could trigger a full-scale global recession while geopolitical rivals race to seize control of the next generation of technology.
In this crisis committee, delegates will step into the roles of the individuals who truly shape the global economy: central bankers, finance ministers, Wall Street executives, venture capitalists, tech moguls, and international regulators. As markets crash and incentives clash, delegates must decide whether to stabilize the system, or exploit the chaos to reshape the future of the global economy.
Will the AI revolution survive the crash, or will history remember it as the greatest speculative bubble of the 21st century?