Seven years after the global financial industry was brought to its knees by the worst economic crash since the Great Depression of the 1930s, the world is still struggling to regain the momentum it had before the crisis. Even though governments and leaders around the world have been trying to get their economies back in shape millions of those who are unemployed, i.e. those that were hit the hardest by the crash, believe that a lot more needs to be done.
Many economists have voiced further concerns, arguing that the next crisis the world will face would be even more crippling than the one the world faced in 2008. In order to prevent a recurrence, leaders have been looking for long-term and equitable solutions in order to create a balanced and sustainable economic growth.
The solution to all of the above concerns is provided by the HUMAWEALTH program, which aims to Connect the Strengths of the World Community Creating Wellbeing across Humanity through empowering the Digital Economy
There are four main foundations to deliver a tangible economic plan meeting the economic ambitions of the world’s citizens:
The first foundation is a defined and achievable target that meets the world citizens’ aspirations and needs by reducing the global trade cost and combining the expertise of the developed economies with the youthful workforce in developing and emerging economies. This will increase global trade, leading to benefits of USD 11 trillion and 100 million new jobs.
The second foundation is a clear roadmap based on the economic strengths and the demographics of each region to reach the defined target. Pan-regional organizations entrusted by more than 150 countries have already validated and separately published these roadmaps.
The third foundation is the required tools provided by the world’s top technology firms that service 60% of our GDP, which for the first time have agreed to cooperate together. These firms have executed an exclusive agreement to work hand-in-hand delivering and maintaining the required tools at no cost to the end user.
Finally the fourth foundation is the global consensus; MOUs have been executed with about 75% of the world’s citizens through their representatives, governments, IGOs and NGOs, ensuring this initiative offsets monopolistic or geopolitical concerns. So far 85% of the G20 trade communities have agreed to undertake diagnostic trade surveys towards improving their economic wellbeing. Nearly 40% have been completed where 90% have defined what the Digital Economy should like so they can do a better job.
In the history of mankind, never has there been an initiative of this magnitude that will transform the lives of 7 billion people around the world.