By working together, we can ensure that G20 policies meet the economic aspirations of the world’s citizens and reverse the current pattern of diminishing trust.
The world’s leaders are exerting major proficiencies when navigating the tidal waves represented by jurisdictional boundaries in the interdependent global economic arena, while maintaining the commitment to their own citizens to deliver a tangible global economic solution.
Despite the foregoing, the diminishing trust the world is experiencing between political leaders and the very citizens they represent is widening. We must change this pattern of diminishing trust and focus on a solution with the following characteristics:
Accordingly, GCEL has developed the Implementable Policy Formula (IPF) – a new innovation that has widely gained acceptance by the world leaders.
The IPF allows the development of economic growth policies that have the highest likelihood of benefitting the real economy participants by:
I. Identifying the Common Denominator Among Policies
We need to identify and focus on the most common and comprehensive denominator of those tangible and quantifiable policies that have a rapid and direct positive impact on the participants of the real economy.
Through GCEL’s interventions at the 2015/2016/2017 B20/G20 Forums, the Digital Economy is now a G20 Leaders policy directive.
II. Obtaining Validation from the Ground Level
It is of paramount importance that the policy benefits are validated by real economy participants who are impacted by these policies at the ground level, and to ensure that the needs of those participants match the identified policy goals.
GCEL has conducted diagnostic assessment of trade efficiency of the G20 nations, in cooperation with 71 government ministries, industry associations, academia, and private sector experts including Frost and Sullivan, Deloitte, and the Nielsen Company. This Case Study is a diagnostic assessment of trade efficiency based on what technology makes possible today.
Upon collecting 1.2 million data points across 19 industry clusters covering all economic zones of each G20 country, the results were astounding: 90.4% of trade participants do not have an integrated system and 94.5% have commonly defined the new digital tools required to do a better job.
III. Securing the Industry Capabilities and Commitments
Once the policy’s benefits are validated and tools are defined, we must secure the related industry resources for rapid development and implementation of the required tools.
The world’s top 26 technology companies servicing more than 60% of the world GDP, grasping over 2.6 million experts, have committed to collectively deliver upon policy makers’ recommendations and deploy a Digital Economy Platform at no cost to the end-user.
These for-profit organizations have signed exclusive strategic agreements as a first step to be selected to deploy the Digital Economy.