The impact of standardization (public and industry) on product innovation, market access and foreign trade: with specific reference to South Africa

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dc.contributor.advisorAdams, Ismail
dc.contributor.authorOkiror, Julius
dc.contributor.otherDept. of Economics
dc.contributor.otherFaculty of Economics and Management Sciences
dc.date.accessioned2013-09-11T12:30:22Z
dc.date.accessioned2024-05-03T08:15:09Z
dc.date.available2007/09/21 11:59
dc.date.available2007/09/21
dc.date.available2013-09-11T12:30:22Z
dc.date.available2024-05-03T08:15:09Z
dc.date.issued2007
dc.descriptionMagister Commercii - MComen_US
dc.description.abstractProduct innovation and its efficient diffusion are important to enhance factor productivity, market access, job creation and trade. Innovative firms remain competitive in an increasingly global environment. Product innovation add maximum economic value when the new knowledge and technical know-how are spread through the economy. Standardisation of products is regarded as a vital tool to enable the diffusion of product innovations. The economic rationale for standardisation is based on the theory market failure that requires some sort of correction. Standardisation is regarded as a public good, a form of technical infrastructure. It reduces transaction costs and information asymmetries; increased the willingness of consumers to pay, which in turn increases the success and diffusion of innovation. Lower transaction costs result in reduced production and distribution costs. For consumers it also results in reduced search and testing costs as well as reduced time and effort to evaluate quality. Studies on the impact of standardisation were done for some developed countries, but not for developing countries. Unlike most studies that have a narrow industry-focus, this report has a broader focus on the impact of various types of standards on product innovation, market access and trade. It presented specific case studies for various industries in South Africa as well as studies on the impact of standards internationally.en_US
dc.description.countrySouth Africa
dc.identifier.urihttps://hdl.handle.net/10566/12582
dc.language.isoenen_US
dc.publisherUniversity of the Western Capeen_US
dc.rights.holderUniversity of the Western Capeen_US
dc.subjectStandardization - South Africaen_US
dc.subjectStandardizationen_US
dc.subjectEconomic aspects - South Africaen_US
dc.subjectCommercial productsen_US
dc.subjectTechnological innovations - South Africaen_US
dc.titleThe impact of standardization (public and industry) on product innovation, market access and foreign trade: with specific reference to South Africaen_US
dc.typeThesisen_US

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