English Next Economy Trends

English Next Economy Trends

The economic dominance of western economies which has existed since
the industrial revolution is coming to an end.
The services sector, including BPO, will provide an increasing proportion
of national economies. English is of particular value, at present, in this
sector, though the value of other languages in outsourcing is growing.
As many countries enter an ‘educational arms race’ in order to maintain
international competitiveness, high-value intellectual work – including
basic science research – is beginning to move to countries like India
and China.
The impact of globalization on wealth is complex: it seems that
inequalities are being magnifi ed within all countries, but the gap between
national economies may be narrowing. Access to English may be a
contributing factor.
English is at the center of many globalization mechanisms. Its future in
Asia is likely to be closely associated with future patterns of globalization.