
Sign up to save your podcasts
Or
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.
4.4
7171 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.
1,272 Listeners
1,647 Listeners
890 Listeners
8,630 Listeners
30,821 Listeners
1,358 Listeners
10 Listeners
38 Listeners
5,490 Listeners
1,433 Listeners
9,555 Listeners
3,581 Listeners
5,429 Listeners
1,319 Listeners
82 Listeners
222 Listeners
132 Listeners