The English side of business

THOSE who understand how the global economy works in this modern age of high-speed technology will understand the vital role of English in economic development.

There are some countries which realised early on that with the advent of the global, borderless economy and the wide coverage of high-speed communications, modern technology was making irreversible changes in the pattern of production of goods and services, where multinational giants like Apple, Microsoft, Boeing, and GE can own the intellectual knowledge of their products but the actual production of the component parts is farmed out to distant lands at a far cheaper cost than making them in, for example, Silicon Valley or Detroit.