Creating Supply Chains of Opportunity: Profile #4 How International Standards Can Increase Global Economic Inclusion
13 Pages Posted: 18 Feb 2014
Date Written: August 1, 2010
Abstract
Among the drivers of beneficial trade, international standards are at once among the most important and the least appreciated. Among the drivers of beneficial trade, international standards are at once among the most important and the least appreciated.
Standards of a company-specific variety also underlie routines of production that are the essence of global supply chains. From the sourcing of raw materials to the marketing of final goods, contracts between buyers and suppliers depend on clear communication of expectations and specifications, all facilitated by standards.
Keywords: standards, trade, growth, development
JEL Classification: O20, O24, O33, O43
Suggested Citation: Suggested Citation