"Good policies that lack reinforcement within global jurisdictions inevitably lead to intangible results and public dissatisfaction."
Good public policies encompassing our safety, security and prosperity can lead toward tangible results and public satisfaction. However, if they lack reinforcement within global jurisdictions, they will inevitably lead to intangible results and public dissatisfaction.
Therefore, there must be a means of changing the pattern of behavior in order to ensure good policies create positive results at the ground level.
"The Implementable Policy Formula (IPF)."
The IPF is based on the following:
1) A common denominator among policies
The most common and comprehensive denominator of those tangible and quantifiable policies that have a rapid and direct impact on the real economy.
GCEL's participation at the G20/B20 forums has contributed to the G20 leaders' adoption of the Digital Economy as a key policy directive towards achieving sustainable economic growth.
2) Validation from the ground level
It is essential that policy benefits are validated by listening to the voice of real-economy participants at ground level.
The G20 Nations Case study collected 1.2 million data points across 19 industry clusters in collaboration with 90 G20 ministries, IGOs/NGOs, academia and private sector experts. The results yielded: 90.4% of trade participants do not have an integrated system and 94.5% want the MDDEAS to do a better job.
3) Industry capability and commitment
Once the policy’s benefits are validated we must secure the related industry resources for rapid implementation.
26 technology firms, including the world's top companies, have executed strategic agreements as a first step towards selection under an equal opportunity process to deploy the digital tools demanded by the trade participants at the ground level.
In such a manner, good policies, such as the ones proposed by the G20, meet the criteria of the global IPF and will lead to solid results and global public satisfaction.
"The Digital Economy is a common theme across global policy makers, has validation from the ground level and the commitment from industry leaders to implement.”
- Capitalize on what each sector does best within its capabilities and jurisdiction.
- Deliver what the real economy participants demand to become more efficient, increase access to global markets to ease access to finance to grow global trade for everyone.