The Bank for International Ideas will facilitate Economic Development created by Leonard S. Johnson

March 29, 2009 - PRLog -- In today's economic climate we need a NEW ECONOMIC PLATFORM for long term sustainable development. A feasible way to move the world forward and balance the economies of the Developing Nations with those economies of Developed Nations is to introduce an economic platform that is realistic and practical for the Developing Nations to contribute to - the bank for International Ideas is such a platform, whereby Intellectual Capital is created and is the essential part of a process which leads to the development of Intellectual Property.

The Bank for International Ideas, was created by Leonard S. Johnson former Chairman and CEO of the Pinnacle Group LLP, The outline for the BII has been submitted to President Obama's Economic Team, (BII) is similar in structure to the Bank for International Settlements, (BIS) located in Basel, Switzerland. The bank for International Settlements is the premier bank for the world’s central banks; it operates as the central depository for the central banks of the world as well as the managing and tracking of currency price stabilization between those central banks and their respective countries. The Bank for International Ideas will operate and function in a similar fashion, thus creating a data bank or a depository of ideas from around the world.

The bank for International Ideas, (BII) will be similar in structure to the Bank for International Settlements,(BIS)located in Basel, Switzerland. The bank for International Settlements is the premier bank for the world’s central banks; it operates as the central depository for the central banks of the world as well as the managing and tracking of currency price stabilization between those central banks and their respective countries. The Bank for International Ideas will operate and function in a similar fashion, thus creating a data bank or a depository of ideas from around the world. The Bank for International Ideas will facilitate the discovery as well as the development of ideas, in the area of economic development through the creation of New Businesses, Land Infrastructure Projects, Environmental Projects, Scientific Research, and Technological Projects. The overriding goal of the Bank for International Ideas is to spur development throughout the world by creating a single centralize database depository in one location, in this location will be the world’s Intellectual Capital. In order to capitalize on the emerging opportunities in this current business era, it is not simply enough for information to be at our fingertips, but this information must also be at a centralized location, thus alleviating the need to search and compile data from several different sources and locations.

The Unification of the world’s Intellectual Capital, will chart for us which course we as citizens of the global community should take. This approach will not only bring more efficiency to the economic development process, but it will also streamline the assessment process which determines were resources are allocated.Intellectual Capital is the essential part of a process which leads to the development of Intellectual Property; it begins simply with an idea which is then developed into a "plan, process, or project", upon completion of this Intellectual Capital process, a new stage begins, which is the formation of Intellectual Property. The Bank for International Ideas will be a fully operational bank which will establish an account for each individual or group who becomes a member of the bank, this account will be a depository account, which will maintain the assets of that individual or group. The Intellectual Capital will be the assets, but the value of these assets shall not be determined until they are converted to Intellectual Property.

The conversion process from Intellectual Capital to Intellectual Property is a continuum such as this…. Intellectual Capital - Original Idea - Proposal & Project - Copyright & Patent - Intellectual Property. The Bank for International Ideas will maintain two portfolios one for Intellectual Capital and the other for Intellectual Property. The portfolio for Intellectual Capital will consist of assets such as; Business plans, Engineering Designs, Project Development Proposal, and Source Codes for Software, Scientific Research Studies, and other Intellectual data still in the initial stage of development.

The portfolio for Intellectual Property will consist of assets which have been funded with initial seed money or underwritten by an institution or organization. The assets of the Bank for International Ideas, -- Intellectual Capital and Intellectual Property; can be utilize in the same way as Special Drawing Rights (SDRs), which is an instrument of the International Monetary Fund (IMF). The SDR is an international reserve asset; it was created by the IMF in 1969 to supplement the existing official reserves of member countries. SDRs are allocated to member countries in proportion to their IMF quotas. The SDR also serves as the unit of account of the IMF and some other international organizations. The value is based on a basket of key international currencies. The (SDRs) were establish to be a support function of the Bretton Woods fixed exchange rate system, thus a country participating in this system needed official reserves—government or central bank holdings of gold and widely accepted foreign currencies—that could be used to purchase the domestic currency in the world foreign exchange markets, as required to maintaining its exchange rate. But the international supply of two key reserve assets—gold and the U.S. dollar—proved inadequate for supporting the expansion of world trade and financial development that was taking place. Therefore, the international community decided to create a new international reserve asset under the auspices of the IMF.

The assets of the Bank for International Ideas, Intellectual Capital and Intellectual Property can operate as key assets to further international development, by creating a bridge from the 20th century economic system of fixed exchange rates, to the 21st century economic system; which will eventually transform itself into a flexible exchange rate system. In order to operate a global flexible exchange rate system successfully, their must first be several financial instruments in place to establish the proper standard of measurement and value. The Bank for International Ideas will assist in facilitating the establishment of these financial instruments, as well as uniting the global financial community towards that end. As awareness for the Bank grows and continues to expand throughout the world, via -- government organizations, non-governmental organizations, institutions, and the media, the investment community will begin to take notice; once this paradigm shift has taken place and word of mouth continues to grow, investors will soon look to the Bank as the premier source for Intellectual Capital and Intellectual Property. The Bank for International Ideas will be a virtual bank; the infrastructure of the bank will coexists within an existing administrative infrastructure such as the World Bank. This particular type of organizational structure will reduce start up cost for the bank as well as expedite the launching of the bank

The overriding success of the Bank for International Ideas, ----- is the simplicity of the bank itself, it is a global bank of ideas, which assets are Intellectual Capital and Intellectual Property , these assets will be utilize as a means to an end, which is to further economic development throughout the world.

How the Ideas will be Discovered

Through the network of - Universities - Corporations - Governments - NGOs - Finance -Organizations and a Pool of Ideas from individuals.

For more Information Contact:

Leonard S. Johnson
leonard@idtmediagroup.com

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The Bank for International Ideas is a platform, whereby Intellectual Capital is created and is the essential part of a process which leads to the development of Intellectual Property.