Reimagined as an ambitious and visionary bridge investment focus on infrastructure development, job creation, innovation and education.
Photo by Curtis Macnood
The global economic landscape is about to undergo a once-in-a-generation paradigm shift, as the World Subnationals and Nations (WSANDN), in partnership with development firm Juvidoe Technologies, prepares to roll out the first-ever Economic Growth Capital Resource (EGCR) initiative. This visionary plan to eliminate barriers and create a global infrastructure development boom is projected to generate a staggering $300 trillion in new economic value that will energize local communities around the globe, lifting people out of poverty and lifting countries’ debts.
The initiative is focused on a smarter alternative to economic development—one that puts the subnational economy at the forefront—local governments, local businesses, and local communities giving them the tools and resources to build sustainable prosperity, create jobs, and establish economic independence.
Economic Growth Capital Resource : A new, smarter, green infrastructure friendly paradigm of global economic growth.
It is not news that economic growth strategies have historically taken a top-down approach, with national governments and multinational corporations taking center stage. Many have neglected the specific desires of local communities. EGCR, though, upends this model, reorienting attention and investment to the grassroots level, from communities of every size to industrial sectors across their regions.
The WSANDN’s strategy of empowering grassroots communities is meant to stimulate local economies. By helping communities access their most important resources including financial, human and institutional, EGCR will create a dynamic effect that will help nations and the world to prosper.
Subnational economies, made up of local governments, local industries, and local businesses, being the source of real economic innovation but previously excluded from global development agendas, are poised to flourish through the Economic Growth Capital Resource. It is structured to strategically steer investments into local sectors through establishment of Sector Development Funds (SDFs), Subnational Financial Institutions (SnFIs), and Subnational Wealth Funds (SnWFs), and will focus on priority areas including infrastructure development, job creation, innovation and education, leading to localized sustainable growth.
WSANDN’s approach of supporting entrepreneurs and business development extends well beyond just providing capital. It starts by working with communities to help create robust, self-sustaining industries capable of producing long-term value, helping them become important drivers of national and global prosperity.
EGCR brings the cutting edge technologies of blockchain and artificial intelligence (AI) together to fundamentally change the way resources are allocated and tracked. Blockchain will help by providing unprecedented transparency and efficiency, so your investment can be tracked and managed equitably amongst all stakeholders. At the same time, AI will play an enhanced role in predictive modeling, enabling us to use our resources as wisely as possible and get the most impact from every dollar spent.
Dr. Judah explained that “Blockchain and AI will be the digital spine supporting EGCR’s financial architecture. These technologies will allow us to deploy resources more equitably and at a larger scale and success to be measured, so that investments make it to their final intended destinations and achieve the promised change.
Prosperity through Economic Development and Poverty Reduction
Poverty eradication is one of EGCR’s most transformative goals and is particularly important. It will support small business creation in advanced technology, agriculture, healthcare, and manufacturing across the nations, and ensure quality jobs for hundreds of millions of people including those in disadvantaged areas where economic distress is most pronounced. The initiative’s emphasis on sustainable infrastructure development will actually set the stage for decades of economic benefit, as projects from improving our nation’s roads and bridges to increasing access to clean power and broadband help position our communities to thrive.
Through empowering small businesses and local knowledge industries we grow jobs, in hundreds of millions,” Dr. Judah explained. These jobs will be restorative too, repairing historical wounds by lifting entire communities (Black, Brown and White) out of poverty and putting them on a path to sustainable upward mobility. Two of the projects also propose utilizing novel clean energy technologies.
Economic Growth Capital Resource : Creating Wealth and Reducing Financial Burden
The ability to lower national debt and foster economic autonomy is one of the initiative’s greatest promises of the proposed Economic Growth Capital Resource. Most countries, including the U.S., are stuck in debt spirals that make long-term growth impossible. By investing in burgeoning local economies, EGCR will not only create revenue streams to fuel government operations and maintenance, but foster a self-sustaining economic system that lessens the need for foreign aid and dependence on external loans.
As Dr. Judah put it, “The Economic Growth Capital Resource will help establish the means for countries to free themselves from the bondage of debt. In encouraging this local growth, countries will see increased revenue, more stable currencies, and decreased inflation. Eventually, this will empower them with the freedom to determine their own economic output.
EGCR is not only a good national strategy but an excellent global initiative as well. Its eventual aim is to free up $300 trillion in value, which will be redirected into key sectors including energy, education, technology, and healthcare. This investment will go a long way toward realizing the resilient global economy and sustainable environment that we all seek. The world will be keeping a close eye on it, as it continues on the path towards implementation, on the right side of history with its groundbreaking approach to economic development.
