In: Economics
Why are standards important for globalization? Also, while standards are ‘voluntary’ and appear to be beneficial or at least benign, might this process actually inhibit innovation? What is the long-term implication of Huawei’s lead in 5G technology and standards?
standards plays an important role in globlalization . standards govern the design, operarion, and manufacture, and use of nearly everything that is produced by the mankind. standarisation of product ensures that different products are compatible when hooked together.
the role of standards in innovation with emphasis on design and manufacturing processes is defined by classifying standards and exploring their role . in general the benefit of standard on innovation in design and manufacturing outweights the possible limitation on creativity imposed by such standards..publics are more health aware now a days the products are not only measured by its comfort now a days but of its injury mitigating features.
huaweis 5g tech can help a lot in health department and run s application that is delivered on specialist network the applications are diverse with seamless wireless transportation