TAILIEUCHUNG - English as the Language of Trade, Finance and Technology in APEC: An East Asia Perspective

The use of English language for cross-border communications is important in many areas of trade ranging from tourism to the trade in financial services. This is in order to build a stronger regional economy through freely and openly communicating with one another. However, the increasing involvement in trade, tourism and international relations among APEC Member countries where English is not spoken as the first language poses some problems and barriers in achieving aspired regional cooperation. | English as the Language of Trade Finance and Technology in APEC An East Asia Perspective Philippine Institute for Development Studies PIUSB Surian sa mga Pag-aaral Pangkaunlaran ng Pilipinas English as the Language of Trade Finance and Technology in APEC An East Asia Perspective Dorothea C. Lazaro and Erlinda M. Medalla DISCUSSION PAPER SERIES NO. 2004-36 The PIDS Discussion Paper Series constitutes studies that are preliminary and subject to further revisions. They are being circulated in a limited number of copies only for purposes of soliciting comments and suggestions for further refinements. The studies under the Series are unedited and unreviewed. The views and opinions expressed are those of the author s and do not necessarily reflect those of the Institute. Not for quotation without permission from the author s and the Institute. September 2004 For comments suggestions or further inquiries please contact The Research Information Staff Philippine Institute for Development Studies 3rd Floor NEDA sa Makati Building 106 Amorsolo Street Legaspi Village Makati City Philippines Tel Nos 8924059 and 8935705 Fax No 8939589 E-mail publications@ Or visit our website at http Abstract The use of English language for cross-border communications is important in many areas of trade ranging from tourism to the trade in financial services. This is in order to build a stronger regional economy through freely and openly communicating with one another. However the increasing involvement in trade tourism and international relations among APEC Member countries where English is not spoken as the first language poses some problems and barriers in achieving aspired regional cooperation. Efforts have been made by the government to encourage the internalization of the English as a second language. This has become a trend in many developing countries specifically in the East Asia and notably in South East Asian. This paper provides a survey of these .

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