G20 Executive Talk Series


Harnessing the potential of the digital economy

The Global Solution Foundation
For Sustainable Economic Growth Has Started

Captain Samuel Salloum – GCEL Co-Chairman

Following more than 10 years of R&D, global experts from several fields including trade development, technology, and finance have contributed their collective expertise towards achieving sustained economic growth by digitizing the USD 140 trillion B2B market place.

These exhaustive efforts have resulted in the creation of the required Global Solution Foundation to connect the strengths of the high, mid and low income countries towards rebalancing our global economy and creating economic prosperity for all.

This Global Solution Foundation encompasses the following four main pillars:

The first pillar includes defined and achievable targets that are necessary to create a huge win-win value proposition across all world communities to meet the ambitions of their citizens. Specific benefits of a tangible economic development solution that supports the United Nations’ Sustainable Development Goals include but are are not limited to:

  • Increasing the world’s GDP by 17% in 2030
  • Creating nearly 300 million manufacturing, agriculture and service jobs
  • Generating an annual USD 1 trillion SME Grant Fund to build SME capacity

The second pillar is a clear roadmap based on the economic strengths and demographics of each world region to reach the defined targets. In order to jump start economic growth, we must have a global campaign with a regional implementation program that includes a clear roadmap indicating the way forward from where we stand today towards a prosperous future in our time and for generations to come.

To reach the defined targets, pan-regional organizations entrusted by more than 150 countries including the Organization of American States, Organization of Islamic Cooperation, African Union, League of Arab States, as well as other leading organizations in China, India, and other G20 nations have published economic roadmaps, conducted national trade efficiency assessments and executed agreements to deploy a Digital Economy Platform delivering the defined benefits throughout the Americas, Asia, Europe and Middle East / Africa.

The third pillar encompasses the required digital tools delivered by a trusted network from around the globe for use on the roadmap to reach the defined targets. The tools must be provided free of cost to the end user and at the same time delivered by the technology industry maximizing on what technology makes possible today and in the future. These tools include the deployment of a Digital Economy Platform that has been defined by the real economy participants at the ground level and where the policy makers have identified the importance of today’s 21st century technology to create dynamic, cooperative and inclusive ecosystems.

Finally, the fourth pillar is the global consensus of the foregoing that can be viewed from the following perspectives:

– Global Policy Adoption: G20 leaders agree that the Digital Economy must be the focus of our efforts to re-energize the global economy.

– Global Deployment: 75% of the world’s citizens through their pan-regional organizations entrusted to implement regional economic development plans have executed agreements and published economic roadmaps to deploy the Digital Economy Platform.

– End-User: Trade participants at the ground level representing 78% of the world’s GDP have defined the required digital tools to reduce their trade costs and increase trade. This is evidenced by the G20 Nations’ Case Study conducted by 71 ministries, NGOs/IGOs and private sector experts, wherein 90% of respondents stated that they lack digital integration into the global value chains and 94% have commonly agreed as to the digital tools they need to do a better job.

– Technology Industry: 26 of the world’s leading technology firms have executed strategic agreements as a first step to be selected through an equal opportunity process to work together under one roof to deploy the defined tools. These firms recognize the value of the required Digital Economy Platform solution, realize they cannot deploy the solution alone and can more than double their earnings.

It is important to note that since trade is of national security importance for any nation, it is impossible for one country or one technology company, no matter how big they are, to deploy the Digital Economy on a global scale and maintain continuous and sustainable access, while offsetting monopolistic and geopolitical concerns.

The deployment of the required solution must include the participation of all forms of organizations, working in concert together capitalizing on each organization’s capabilities and jurisdiction. This collaborative effort must include an independent global monitoring mechanism to offset geopolitical and monopolistic concerns while at the same time ensuring rapid global deployment, providing benefits to all participants in the B2B marketplace.

In addition, since information is the currency of the future, the privacy and security of trade data must be protected and securely exchanged. Therefore, the deployment of a digital platform must embrace a Global Data Security Standard that includes: a Consortium of Globally Balanced Ownership, a Council of Fiduciary Governance, and a Committee of Technology Governance Board Experts, together offsetting geopolitical and monopolistic concerns. This is further coupled with a Controlled Segregated Technology Development process and Continuous and Comprehensive Audits to ensure data can be safely exchanged throughout the world with confidence.

All of the aforementioned represent a multi-layered mechanism ensuring that data security is maintained and that individuals’ and companies’ data privacy is protected.

In summary, the Global Solution Foundation will unleash a new era of 21st century trade efficiency through a global economic development program with defined targets, multiple economic growth road maps that address the needs of any region, country or business, thus rebalancing the global economy. With the needed digital tools validated through a global consensus and delivered by a trusted network of the world’s top technology firms, we can achieve sustainable economic growth by –

Connecting The Strengths Of The World
Community Creating Wellbeing Across Humanity