Abstract
Objectives: the purpose of the work is determined by the need to clarify the role of standardization in the knowledge economy in order to increase the effectiveness of its application in the interests of sustainable development and improving the quality of life. Methods: the work is based mainly on the conceptual basis of the quality economics, using the methodology of a general scientific philosophical approach and methods of interdisciplinary research. The source material has become scientific research on the impact of standardization on the economy, conducted in Russia and abroad. Results: in the course of analysis of the institutional role of standardization, its regulatory framework and standards focused on improving the quality of life in the knowledge economy are considered. In the article standardization is presented as a factor of growth and development.
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