English Language: Facilitating Globalised Economy

Authors

  • Shuchi Srivastava

Abstract

Communication is one of the most essential factors of every business. Without having communication with customers, suppliers, managers, technology developers, and innovators no business can thrive let alone flourish. Processes like knowledge acquisition and sharing of technological knowhow, hiring of workforce across countries, outsourcing work to countries with cheaper labor to increase profitability etc. are dependent upon common language among countries. That is why in globalised economy communication takes a greater magnitude since companies now have a need to communicate internationally. However the difference in languages has been the greatest barrier in international business since the inception of the global economy. It creates pressure of adoption of a common language of communication because without having a common language to interact the concept of globalised economy is not possible. The language which is most commonly linked with globalised economy is English. English: modern Lingua Franca i.e. the language of speakers of other tongue. It has become the dominant language of international business and economic development and its dominance continues to grow. The paper aims at understating the contribution of English language as the facilitator of the globalised economy.

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Published

2020-02-08

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Section

Articles