THE IMPORTANCE OF LANGUAGE IN THE GLOBAL ECONOMY

In the context of an increasingly interconnected global economy, language plays a decisive role in shaping economic relations, market integration, and cross-border cooperation. This article explores the importance of language as a strategic economic resource that facilitates international trade, foreign investment, labor mobility, and the diffusion of innovation. The article also examines how multilingual policies and language education contribute to sustainable economic development and inclusive growth in both developed and developing economies. By highlighting the economic value of language, the study emphasizes that linguistic capital should be considered an integral component of national and corporate economic strategies in the modern globalized world.