"Who should define the Digital Economy and where can it deliver the greatest impact?"
The Digital Economy has become more crucial than ever before led by the strong belief that in the current digital era, today’s information technology must be able to help achieve sustained economic growth. In fact, the G20 leaders have adopted the Digital Economy as a key element to foster greater economic prosperity.
The common theme we are witnessing is that most global experts around the world have introduced their own products and services while attempting to define the Digital Economy. So in other words, providing digital products or services, generating revenue and creating jobs, although important, does not represent the full power of the Digital Economy.
In brief, the Digital Economy must assist in delivering the G20’s policy directives, by restoring the health of the global Real Economy. By the Real Economy we mean those industries that produce and service the food we eat, the clothes that we wear and the materials to build our cities with emphasis on SMEs, who generate up to 80% of employment in many countries around the world.
"By listening directly to the real economy participants at the ground level and analyzing their current efficiency levels it is possible learn what digital tools they need in order to shape the digital economy to increase their efficiency and productivity."
The G20 Nations Case Study is a global diagnostic assessment of trade efficiency involving more than 90 G20 ministries, NGOs/IGOs, academia and private sector experts. The Case Study collected 1.2 million data points across 19 industry clusters and the result were staggering: 90.4% of trade participants do not have an integrated system and 94.5% have defined the digital tools they need to be more competitive in the global B2B market place.
Listening directly to real-economy participants at the ground level, and analyzing their efficiency levels across all clusters within the supply chains, makes it possible to identify the required digital tools to increase efficiency and productivity.
“The G20 Nations Case Study is the first tangible step towards realizing the Digital Economy at no cost to the end-user and renewing prosperity around the world”
The G20 Nations Case Study shows at what point we are at today, in which direction we must head, and, more importantly, shows us how to get there.
This is done by diagnosing and acting on trade-efficiency challenges and leveraging the digital economy through the New Millennium Standard for Growth (N-MSG).
In doing so, we are able to create a solid foundation for sustained economic growth and a new era of global prosperity.