Publication
Apr 2011
This paper reviews the history of standardization from the early Industrial Revolution to the market economy, and examines national or international standardization organizations. It assesses the driving forces, principles and methodologies of standardization and addresses the position and role of technical standards and standardization organizations in the context of market economies. The author argues that standardization enables optimizing resource allocation in market economies and that standardization is the root cause of Adam Smith's "invisible hand".
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English (PDF, 28 pages, 652 KB) |
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Author | Wang Ping |
Series | East-West Center Working Papers |
Issue | 117 |
Publisher | East-West Center (EWC) |
Copyright | © 2011 East-West Center (EWC) |