Standardization and Innovation Policies in the Information Age

Abstract

In the information age, governmental policies in support of innovation are having a growing impact on trade and free market coordination. A balance between innovation and coordination is often achieved by market-sensitive standardization. Governmental policies that interfere with the balance that market-sensitive standardization can achieve are not usually successful. But governmental policies that recognize the changes occurring in the information age and support corresponding changes in innovation and standardization policies are needed.