It is important to note that languages can
actually boost the economy by creating jobs. An economist at
Cardiff Business School, James Foreman Peck, has studied the role
of languages in determining patterns of world trade. Alarmingly,
his research has shown that the UK is underperforming in its trade
with non-English speaking countries. Not sharing a language is
a barrier to trade for countries the world over, but for the UK the
effect is nearly double the world average. Peck calculated that by
improving language skills we could add £21 million a year to
GDP. The report concluded that we are under-investing in
language skills.
Click here to read the report (pdf, 269KB from Cardiff
University website)