Languages comprise the means of conveying information, particularly economic information. The creation of a unique European market requires all participants in economic activity to have access to information presented in other languages, and, inversely, to be able to convey information to speakers of other languages. It is the problem of transfer of information between languages, otherwise known as translation.

More precisely, the negative economic impact of multilingualism is doubled for European economic entities:

For producers of goods and services, they meet obstacles to export, manifested as loss of time and money, and as a consequence, reduced ability to compete.

For consumers of goods and services, they experience difficulty in keeping informed about recent technical developments and obtaining the most modern equipment. They thereby suffer a lag in technology and, again, a reduced competitiveness.

However, being the only important economic and industrial bloc in the world required to solve such problems may also give Europe a considerable economic advantage: it is an opportunity to acquire a valuable skill in languages which can be exploited in the economic arena (directly, in selling its expertise; indirectly in improved ease in overcoming linguistic barriers with other economic partners: the USSR, China, the Arab world, Latin America, etc.), and in the social arena (applying these skills to xxx) both in monolingual and multilingual situations.

The development of healthy and profitable language industries will assure a long term world dominance for Europe.