There are several standards-making bodies that create standards for industrial automation.
But one of the challenges is to standardize APIs across localities, and to create standards.
After World War II, standardizers transcended Cold War divisions to create standards that made the global economy possible.
The next thing is to create standards.
The second task is to create standards for each grade.
But lawmakers must scrutinize the halfway houses, create standards and enforce them.
Some of it will create standards that will raise the bar for substandard providers.
The legislation does not create standards for leak detection systems on pipelines to ensure that accidents are swiftly identified.
Like the National Association of Securities Dealers, the hedge fund industry should create standards for prospectuses, Mr. Weidner asserts.
All these industries create standards, norms, and I believe there is so much more that can happen.
"We want to create standards for the industry to follow," says Homraj Acharya, Nepal's country director for GFI.
