Published in: The Wiley-Blackwell Encyclopedia of Globalization / George Ritzer, Ed. (Malden, MA: Blackwell Publishing, Ltd., 2012), v. IV, p. 1922-1926
Posted on RAND.org on January 01, 2012
The development of standards is normally justified with functional and economic rationales. They enable economies of scale, compatibility of interfaces, and common frameworks for organizing social life and economic production. They convey information to the general public or to specific parties engaged in exchange in a consistent and understandable manner, as well as enhance competition by facilitating comparisons among producers and products. Standards-making is associated with increasing rates of interaction, as methods to enhance or, in the case of some interested actors, dominate exchange.