This book proposes a path-breaking study of the economics of
multilingualism at work, proposing a systematic approach to the
identification and measurement of the ways in which language skills
and economic performance are related.
Using the instruments of economic investigation, but also
explicitly relating the analysis to the approaches to
multilingualism at work developed in the language sciences, this
interdisciplinary book proposes a systematic, step-by-step
exploration of the issue. Starting from a general identification of
the linkages between multilingualism and processes of value
creation, it reviews the contributions of linguistics and economics
before developing a new economic model of production in which
language is taken into account. Testing of the model using data
from two countries provides quantitative estimations of the
influence of multilingualism on economic processes, showing that
foreign language skills can make a considerable contribution to a
country's GDP. These findings have significant implications for
language policy and suggest strategies helping language planners to
harness market forces for increased effectiveness.
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