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.