Economic consequences of implementation of official world

Assignment Help Business Economics
Reference no: EM13770087

Although I'm specifically interested in the likely economic consequences of implementation of an official world auxiliary language, since this is only theoretical, I'd like to know what have been some economic consequences, whether positive or negative, for those nations that endorsed a lingua franca and thereby opened themselves up to segments of the rest of the world (or conversely, I'd be interested in the long-term economic consequences for a country which, perhaps for anti-colonial reasons, rejected a more internationally spoken language in favor of a local one).

For this question, I'm less interested in lingua francas whose effect was primarily domestic. For example, with Modern Hebrew being chosen in Israel, or perhaps Mandarin Chinese in China to a lesser extent, the ability to speak a new official and universally taught common language did not open up the country precipitously to opportunities for communication with other countries.

Note that I'm not asking here about the economic costs of implementing such a language change.

No doubt, and as with free trade, all things being equal, a lingua franca would increase economic opportunities, whether in collaboration possibilities, education opportunities, etc., but, also as with free trade, a lingua franca might precipitously expose a country to competition in certain (intellectual) fields and thereby create resentment within certain industries which in turn led to protectionism. What experiences have been documented on this topic?

(Note: I can't create a "language" tag for this post, due to my being new here, so "free-trade" was the closest tag I could think of.)

Reference no: EM13770087

Questions Cloud

What makes costcos a distnghished : What makes costcos a distnghished and well reputed retail brand?
Explain the cycle of abuse in domestic violence situations : Identify and explain the characteristics of the abuser and the victim. Explain the cycle of abuse in domestic violence situations
Various household items in the consumer price index : How are the weights of the various household items in the Consumer Price Index (C.P.I.) basket decided, i.e., how are they re-evaluated every year? Is it done manually or automatically?
Real estate taxes are levied by different taxing bodies : In many parts of the united states, real estate taxes are levied by different taxing bodies, for example, a school district, a fire protection district, a township, and so on. Discuss weather these taxing bodies form a partition of a state. Do the..
Economic consequences of implementation of official world : Although I'm specifically interested in the likely economic consequences of implementation of an official world auxiliary language, since this is only theoretical, I'd like to know what have been some economic consequences, whether positive or negati..
What does the concept of a jury from ones peers mean : What does the concept of a Jury from one's Peers mean and where did it come from? Please explain. How does this concept apply in modern society
Discussion-working with budgets : Budgets are the driving force behind all organizations. Whether a manufacturing organization, or a service organization such as a medical or public accounting firm, budgets are used not only for planning purposes but also for performance monitorin..
Explain social control theory and social reaction theory : Anyone with a positive self-image; learned moral values; support of their parents, peers, teachers, and neighbors can resist inducement to crime. Write a 2-3 page essay entitled Socialization and Crime. Use the following sentence as your thesis sen..
Difference between free trade area and free trade agreement : What is the difference between a free trade agreement and a preferential trade agreement? What is the difference between a free trade area and a free trade agreement?

Reviews

Write a Review

Business Economics Questions & Answers

  Describe how the activities influenced your awareness

Describe how the activities influenced your awareness and understanding of the interrelationship between business and society and describe how the readings and journalling activities influenced your views on workplace ethics and corporate social re..

  Characteristics represent monopolistic competition

State whether the following characteristics represent monopolistic competition, oligopoly, or both.

  Expected convenience from each restaurant

Calculate whole expected convenience from each restaurant option and also compare?

  What is the profit-maximizing price

A monopoly has two production plants with cost functions C1 = 40 + 0.2Q12 and C2 = 50 + 0.1Q22. The demand it faces is Q = 480 ? 5P. What is the profit-maximizing price?

  Illustrate what is your conclusion about the claim made

Illustrate what is your conclusion about the claim made by the diet program

  Likely degree of rivalness and exclusion cost

For each of the following goods, give your best estimate of its most likely degree of rivalness and (relative) exclusion cost, using the definitions of these variables and the information in the course notes on externalities and public goods. Explain..

  Concerning the effects of fluctuating exchange rates

Government policies and regulations in host countries have a major effect on the operations of foreign companies. Which of the following does not reflect a typical regulation? Which of the following statements concerning the effects of fluctuating ex..

  Explain how does trade affect the production possibilities

Explain how does trade affect the production possibilities frontier. Illustrate what other factors can expand the production possibilites frontier.

  Decrease in the price of land

Impact the decrease in the price of land will have on this firm's short run cost curves (short run fixed costs, variable costs also total costs). Elucidate your illustration.

  Accumulation of inventories worldwide

Rusal believed the price of aluminum would fall because of the growing accumulation of inventories worldwide.

  In converting the residual to a student zed

In converting the residual to a student zed (standardized) residual for a given observation, the residual for the observation is divided by the residual's __________.

  What effect will each of the subsequentauto tires

Illustrate what effect will each of the subsequent have on the supply of auto tires

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd