An annual and ever evolving statement of competitiveness principles for countries to contend in the global marketplace. Among other key elements, the document emphasizes the importance of innovation, intellectual property, skilled workforce, open and fair trade, natural resources productivity and transparent and smart regulations to economic growth. The GFCC Global Competitiveness Principles were agreed upon by the GFCC and its network of over 30 national competitiveness organizations. First released in 2010, the Global Competitiveness Principles have been refined and released every year to reflect the changing global economic environment and the themes highlighted in each GFCC Annual Meeting and Global Competitiveness Summit. A reliable infrastructure, public-private partnerships and steady funding for research and development were also listed among the most important elements of a globally competitive economy.
This annual report on global competitiveness best practices – featuring member testimonials, strategies and case studies highlighting the impact of these best practices – serves as a valuable tool for competitiveness councils around the world. The Global Federation of Competitiveness Councils intends Best Practices in Competitiveness Strategy to be not only informative, but enlightening. There are models to be copied in this report, and ideas to be tried. The GFCC Annual Meeting and Global Innovation Summit functions as the launching point each year for the collection of best practices from around the world.