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In a 2015 publication in the Scottish Journal of Political Economy, Professor James Foreman-Peck highlighted that the UK economy suffers an annual loss of approximately £48 billion due to deficiencies in language proficiency, language learning, and the presumption of universal English fluency.
This pointed out that companies looking to expand should invest heavily in their teams’ linguistic abilities and intercultural competencies.
How Language Learning Fuels Business Expansion
The nature of business—any form of it—is to expand as much as possible nationally and globally. Nowadays, this expansion has become more accessible than ever in our interconnected world. To simplify communication, the English language has emerged as the common language for international trade, technology, tourism, and any form of business since the 1980s.
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