January 23, 2010
The ENCC is to Become a Founding Member of the Global Competitiveness Council
The ENCC participated in both the Global Competitiveness Council Founders and Planning Meeting and the Global Competitiveness Forum on Saturday 23 January, 2010. A decision was made by the ENCC Board of Directors to make the ENCC a founding member of the Global Council of Competitiveness (GCC) along with counterparts from the United States, Saudi Arabia, the United Arab Emirates, Brazil, Chile and South Korea. The Founders are committing to the Global Council on Competitiveness (GCC) because it is the first international body of national competitiveness councils; the first global network devoted exclusively to the exchange of knowledge and practice related to competitiveness policies and strategies; and, the first global, public-private mechanism to promote global economic growth through collaboration in innovation. Composed of leaders of the world’s national competitiveness councils, the GCC will raise the visibility, stature and influence of these councils nationally and globally as drivers of policy and agents of change. The new council will establish important cross-county channels of cooperation and communication in the area of competitiveness.
Whether it be for marketing the nation’s products, enhancing technology transfer, increasing exports, attracting tourists and investors, training the workforce, or benchmarking against regional and global competitors - Egypt stands to gain from improved linkages to other countries. The opportunity to participate in the creation of the GCC also coincides with the country’s recent shift away from a factor-driven economy to one that is transitioning to become efficiency and productivity driven.
As a founding member the ENCC will be on the GCC’s Board of Trustees for the first four years which will allow the ENCC to shape and influence GCC activities and future development. Future initiatives include the creation of a new competitiveness index which builds upon and improves the World Economic Forum’s Global Competitiveness Index, creating a joint statement of global ‘Competitiveness Principles,’ and a number joint projects on topics of mutual interest such as human resource development and intellectual property protection.
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