After six frustrating years, the economy is far from a full recovery. Hardships faced today by many are linked to the declining number of good jobs, dwindling incomes and the soaring cost of living. No one is predicting herculean growth in 2014. But there is hope.
In the ISOfocus magazine (January/February 2014 edition), you'll learn how standards can make a difference. Interesting research from the World Bank and the International Trade Centre shows that the expanded use of International Standards boosts economic growth.
In particular, World Bank trade research shows that trade in the ICT sector, which is a critical contributor to the new global economy, benefits substantially from standards harmonization. This can help create the jobs we so badly need, encourage innovation and improve productivity, which in turn will combat poverty and lead to a higher standard of living for all.
Eye on the economy
Khemraj Ramful, Senior Adviser, Export Quality Management, International Trade Centre, also believes that standards are part of the solution. "ISO International Standards have a definite role to play in the removal of technical barriers to trade and in assisting enterprises in developing economies that are connected to global value chains."
"For the man on the street, this means that ISO International Standards can contribute to improving exports, which would have an impact on job creation and poverty alleviation in developing economies," says Ramful.
So that's where we can all play a role. We must rebuild trust in our financial systems and economies, and this is where International Standards can help. But we have to move quickly, because the stakes are higher than they have been for years.
Isn't it time we all took a look at how to leverage ISO standards?
What else
Read about the global crackdown on counterfeiting and India's fight to stay ahead of the game. These stories about money matters, complex challenges and badly needed global solutions will make you think twice. Discover how standards deliver results.
