The Economical Impact of Languages

Languages are information's transport notably in the case of economic information. The creation of a single European market exiges that all the members participating in economic activities can access information at their disposal in languages other than their own and conversely they can pass on their own information to those people who do not speak their language. This is about the problem of transferring information between languages,in other words,of translation.

More precisely the negative economic consequences of multilinguism are doubled for European economists:

as the producers of goods and services, they come up against additional obstacles when they want to export, which translates into a loss of time and money, and consequently a loss of competitivity;

as the consumers of goods and services, they experience accumulating difficulties when it comes to keeping themselves informed on the latest technical developments and to obtaining the most advanced equipment, which results in a technological delay and thus, once again a loss of competitivity.

On the other hand, finding herself to be the only sizable economic and industrial coalition in the world having to find a solution to such problems could also give Europe a considerable advantage: she has here the unique opportunity to acquire valuable knowledge in the domain of language processing, that she would be able to develop on an economic scale (directly by selling her experience and results; indirectly in overcoming more easily other linguistic barriers in her relations with exterior economic partners: USSR, China, the Arab nations, Latin America,etc) and on the social scale (in applying her skills to the integration of handicapped people etc) within the scope of monolingual as well as multilingual activities.

The development of healthy and profitable language industries will ensure a long term worldwide supremacy for Europe.