Leaders Present the Ten Most Important Components for Creating a Competitive National Economy
WASHINGTON, Dec. 10, 2010 /PRNewswire-USNewswire/ -- The Global Federation of Competitiveness Councils (GFCC) released its 2010 Competitiveness Principles today at its first annual meeting in Washington D.C. The principles set out a framework that every country must have in place to compete in the global marketplace. The document emphasizes the importance of innovation, strong intellectual property laws and open trade as essential for creating economic growth, and has been agreed upon by the GFCC and its network of nearly 35 national competitiveness organizations.
"This document serves as a commitment from the GFCC's network of private and public sector leaders to pursue economic policies that produce sustainable growth and shared prosperity," said GFCC Chairman Charles O. Holliday, Jr. "Competition today is defined more by collaboration and cooperation than it is by winners and losers. We cannot view economic success as a zero-sum game."
The 2010 set of principles is the first in what will become an annually released document that reflects the changing economic environment. A skilled workforce, reliable infrastructure and steady funding for research and development were listed among the most important elements of a globally competitive economy. For the complete set of principles, please visit www.thegfcc.org.
The GFCC is the first international organization to focus on economic growth through the lens of competitiveness policy. Its mission is to create a global network for the exchange of information between competitiveness councils and to identify new metrics to benchmark international competitiveness. By creating a unique network of new global partnerships, the member Councils are providing an opportunity to gain valuable contacts in the international business community and affect change in global competitiveness policy.
The U.S. Council on Competitiveness is serving as the GFCC Secretariat and one of seven founding members along with competitiveness councils from Brazil, Egypt, Russia, South Korea, Saudi Arabia and the United Arab Emirates.
SOURCE Global Federation of Competitiveness Councils