How Important is English in Today's Economy?
Learning, understanding, and being able to speak English opens up a world of opportunities, especially in the globalized economy of today. To get a high paying job in any English speaking country, fluency in the language is vital, and a basic knowledge is necessary just for day-to-day life.
Ready or not, English is now the global language of business. More and more multinational companies are mandating English as the common corporate language—Airbus, Daimler-Chrysler, Fast Retailing, Nokia, Renault, Samsung, SAP, Technicolor, and Microsoft in Beijing, to name a few—in an attempt to facilitate communication and performance across geographically diverse functions and business endeavors.
Success in business is often hinged on one single important word – communication; and most of it happens in English.
The world is flat; the economic migrations of the past decades have become permanent expat communities. Asians, especially, continue to migrate to the United States or to Europe for jobs and live there permanently. Even for those involved in business from their native countries, if they want to sell to a larger market, need to understand the trends and the cultures of those markets. This is often best done through the common currency that is English. Love it or hate it, we simply can’t ignore it. Big businesses call the shots, so if in Germany you do as the Germans do, in the common world market, learn English.
In order to get ahead in your chosen field you need to make yourself completely understood by the people you work with. There will be emails; there will be telephone conversations, and they are costly! Knowing good English helps you to make your point faster. If you have a website that the whole world can see, you had better have content that is meaningful and accurate and does not embarrass you or harm your business.
March 19, 2020
