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If you’ve ever switched computers brands or cellphones, chances are you needed a new charger. That’s because certain plug shapes haven’t been standardized from company to company or country to country. But sometimes companies agree to a common strategy. In fact, companies can set the standard for new technology just by being first or by being the most dominant. While American firms have been the main standard-setters in the past, Chinese businesses are picking up speed. Kimberly Adams speaks with Marketplace’s China correspondent Jennifer Pak about this. And Pak says without international standards, switching between brands or locations can be a headache.
New Investors Week: Your first donation to Marketplace goes TWICE as far with a dollar-for-dollar match from the Investors Challenge Fund! Give Now.
By Marketplace4.4
7777 ratings
If you’ve ever switched computers brands or cellphones, chances are you needed a new charger. That’s because certain plug shapes haven’t been standardized from company to company or country to country. But sometimes companies agree to a common strategy. In fact, companies can set the standard for new technology just by being first or by being the most dominant. While American firms have been the main standard-setters in the past, Chinese businesses are picking up speed. Kimberly Adams speaks with Marketplace’s China correspondent Jennifer Pak about this. And Pak says without international standards, switching between brands or locations can be a headache.
New Investors Week: Your first donation to Marketplace goes TWICE as far with a dollar-for-dollar match from the Investors Challenge Fund! Give Now.

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