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Why are standards important for globalization?  Also, while standards are ‘voluntary’ and appear to be beneficial or...

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?  

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Standards are importance for globalisation as they create benchmarking and floor limitations that nations need to meet to remain competitive and globally accepted and promote integration and uniformity.

Since standards are voluntary they inhibit innovation as nations fail to meet standards and lack the capability to scalability which limits their potential for further innovative practice and collaboration with industry peers.

Huawei lead in 5G standards ajd Technology means low cost network orchestration is possible and markets may be peneteated with aggressive expansion plans by Huawei to be first mover and gain massive market share and lead and remain globally competitive and on the edge.

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