Economic benefits of standardization

Many studies and surveys have clearly demonstrated the economic benefits of standardization. A series of studies conducted in Australia, Canada, France, Germany and the UK, point to a direct relationship between the use of standards and economic growth, labour productivity, ability to export, and more.

 

 

Dissemination of technical knowledge

 

International standards have a positive influence on innovation, much as patents do, but the efficient dissemination of new technical knowledge via standards is a decisive factor and a precondition for economic growth.

 

Export and trade

 

The very existence of standards is positive for trade. International standards have a positive influence particularly on exports. International standards promote intra-industry trade and lead to improved international competitiveness.

 

Technology transfer

 

International standards encourage technology transfer from technology leaders to developing nations.