GCEL presents an innovative global economic development program that aims to connect the expertise of high income countries with the youthful labor forces of the mid and low income countries.
In high-income countries, home to 15% of the world’s population, birth rates are low, the population is aging and salaries remain high. This is an efficient and productive community challenged by excess capacity and low market demand.
In mid and low-income countries, birth rates are high, populations are young and strong, and salaries are merely 20% of those in high-income countries. This is a highly populated community challenged with low buying power.
The facts are clear. We cannot keep making promises. We must act now to address the serious economic challenges facing our world today.
The only and the strongest choice for the high-income countries is to build the buying power of the mid and low-income countries, thus creating a vast new market for their products and services. Meanwhile the only and strongest choice for the mid and low-income countries is to commit to business excellence. Achieving efficient and transparent operations, de-risking business with mid and low-income countries, will attract national and international investments and result in greater buying power.
No matter how big the economic challenges may now seem, the high-, mid-, and low-income countries still have enormous strengths waiting to be joined and energized. A tangible innovation that can join these significant global demographic strengths will enlarge the global economic “pie” instead of nations competing on the same one that we have today.
The first step has already begun, by expanding the G8 to the G20. This makes explicit the interdependence of our global economy and makes clear that high, mid and low income countries must connect in a much smarter way to sustain economic growth for all.
Historically, global leaders have been seeking to unleash the power of the Digital Economy, but it remains elusive as no one, until now, has addressed the following questions:
The world has recognized that GCEL’s global initiative will “Connect the Strengths of the World Community, Creating Well-being Across Humanity” by empowering the Digital Economy.
GCEL’s global Initiative delivers the four foundations required for a global economic program to rebalance the global economy and meet the economic ambitions of the world’s citizens:
I. Quantifiable Economic Targets
There must be a clear target that meets the needs and ambitions of all concerned stakeholders in order to ensure consensus and guarantee optimal implementation:
II. Clear Economic Road Map
In order to reach the quantifiable economic targets, a clear roadmap is required that considers the strengths and weaknesses of each country and /or region.
More than 150 countries, represented by their pan-regional organizations, have executed MOUs and published economic roadmaps to lead us from our present economic condition to reach the desired and quantifiable economic targets, by deploying the Digital Economy.
III. Validated Tools
The necessary tools and appropriate training must be provided free of cost in order to successfully achieve the milestones set forth by the roadmap
The required business model and technology have been validated by the world’s 26 most-trusted technology companies with USD 516 billion in annual revenue, that employ 2.6 million manpower, and service over 60% of the world’s GDP.
These firms have executed exclusive strategic agreements as a first step to be selected to deliver a groundbreaking leap in efficiency to the world by deploying the Digital Economy. This is only the beginning; it will also make our world safer, greener and better able to respond when disaster strikes.
IV. Global Consensus From Several Perspectives
There is widespread consensus among the public, NGO/ IGO, academic and private sector stakeholders necessary to expedite the global deployment and offset monopolistic, geopolitical and data privacy concerns.
2015 B20/G20 Turkey – the G20 adopted the Digital Economy as a policy initiative, introduced by GCEL, impacting 17 of 25 key B20 policy recommendations.
2016 B20 G20 China – The G20 leaders adopted the Digital Economy Development and Cooperation Initiative as a policy directive.
2017 B20 Germany – For the first time, a Digitalization Task Force was established to focus on Digital Economy implementation.
In conclusion, today, global leaders have embraced the Digital Economy as a common and comprehensive denominator for the implementation of policies.
More than 75% of the world’s citizens through their pan regional organizations have executed strategic agreements, published economic roadmaps and conducted national shipment and trade efficiency assessments with GCEL towards deployment of the Digital Economy.
GCEL has conducted a diagnostic assessment of trade efficiency of the G20 nations, in cooperation with 71 government ministries, industry associations, academia, and private sector experts. The results are staggering:
Our world is facing many problems, but we have a major opportunity to grasp, to underpin a return to prosperity. GCEL’s Digital Economy Initiative is:
This is an unprecedented global initiative, founded on providing an equal-opportunity process for more than 44 qualified public and private organizations from 44 countries around the world to govern and to deploy the Digital Economy.
Our world is at a turning point. It demands change. We must all be part of it. Collectively, we will deliver the innovation that stimulates growth around the world, lifting the well-being of generations to come.