If just 10 percent more students in the United Kingdom mastered Arabic, Mandarin, French, or Spanish, the economic returns could be measured in billions of British pounds. Removing the language barrier reduces trade costs.
Jul 7, 2022
International trade policies and new technologies facilitate the flow of people, information, and products across national borders, in turn encouraging the integration of regional economies, societies, and cultures. RAND research has investigated how globalization affects and has been affected by policymaking throughout the world.