A new study conducted in the Nordic countries shows that standards are associated with 28 percent of GDP growth, according to its proponents.
Companies benefit from standards the most by getting access to new foreign markets and ensuring the quality of their products. A vast majority of the respondents, 87 percent, consider that standardisation plays a key role in their future business plans.
Standardisation is a key to a well-functioning, economically prospering and sustainable society. It is also a way to increase economic growth.
These conclusions can be made from the results of the new study, The Influence of Standards on the Nordic Economies. [Read more…] about New study: Standards increase economic growth and help companies access foreign markets