Governments/ International Organizations
Economic benefits of standardization
Relationship between the use of
standards and economic growth
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.
International standards encourage technology transfer from technology leaders to developing nations.