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HOME > RESOURCES > INDUSTRY NEWS > ECONOMIC LANGUAGE

The Economics of Language

Depending on what resource you go by, the top three most-spoken languages are usually listed as Chinese (Mandarin), English, and Spanish. No doubt, a majority of the world's economic super powers and most influential countries rely on communicating in these languages. If you are an individual businessman, company, or even a country that considers one of these three languages foreign, it's in your best interest to seek top-notch translation, interpretation, and globalization services from a highly rated foreign language solutions company like Translators, Inc. (www.translators.com). Otherwise, you're likely to remain off the radar of the global economy.

Standard Mandarin (Standard Chinese), the official modern Chinese spoken language, is used in China, Taiwan, and Singapore, all of which are economic hotbeds and key commercial players. China, as a country, developed rather quickly over time and saw many Chinese people moving to cities for jobs or education opportunities. As such, the urbanization of so many people required the development of a common language, which became Mandarin. Most Chinese businesses require basic Mandarin Level Evaluation Certification, and proficiency levels of Mandarin often dictate where and what people do for work. The China National Language and Character Working Committee, founded in 1985, is responsible for promoting Standard Mandarin and Mandarin Level Proficiency for Chinese native speakers. Obviously, China is a country where language and economics go hand in hand.

The tight bond between language and economy seems to have worked for China. Recent studies credit China as having the most lucrative economy on earth for the better part of the past two millennia. According to The Financial Times, "China has been the world's largest economy for 18 of the past 20 centuries." Other statistical data describes China accounting for 33% of the world's GDP up until the 1820s. However, soon after, China accounted for only 9% of world's GDP. When Western Civilization began to take over the global economic reigns at the beginning of the industrial revolution, China took a back seat. Could this have had anything to do with linguistic differences?

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