Diffusion Of ISO 9000 Standards, International Trade And Foreign Direct Investment
The academic literature on ISO 9000 focuses more on diffusion-drivers than on diffusion-effects. They employ panel data reported by OECD nations over the 1995-2001 periods to estimate the impact of ISO adoptions on country-pair economic relations. They find ISO diffusion to have no effect in developed nations, but to positively pull FDI and positively push trade in developing nations. The Geneva based 'International Organization for Standardization' was constituted in 1946; however, unlike many of the other post-World War II international institutions (e.g., United Nations, IMF, World Bank, International Health Organization, International Civil Aviation Organization) this organization has experienced its most striking success over the last two decades.