On September 3, 2015, the 2015 Turkey B20 Conference was held in Ankara, where business leaders convened to deliberate on how to reenergize the global economy. Captain Samuel Salloum, the Co-Chairman of GCEL, joined a distinguished panel of leading business executives from Accenture, World Economic Forum, Alibaba Group, Vodafone, Vestel, and the OECD. The executives discussed “Policies in the Digital Era: How to Best Use Technology to Reshape the Global Economy,” where Captain Salloum introduced the three foundations of the ‘Implementable Policy Formula’ that can facilitate sustainable economic growth.
First, is identifying the common denominator among policies that can drive positive economic results. In fact, the Digital Economy has impacted 17 out of 25 key B20 policy recommendations. Second, the real economy participants must validate the policy benefits, which have been echoed through GCEL’S G20 Nations Case Study, where 90% of the respondents want new digital tools to do a better job. Finally, following this validation, the capable industry must commit to deliver the required solution. To this end, the world’s leading 26 technology firms have executed strategic agreements to deliver upon the policy makers’ recommendations and implement the new digital tools demanded by the real economy participants.
As such, an Empowered Digital Economy that digitizes our trade and that represents the best means to use technology to reshape the Global Economy gained wide recognition.