“Better English and Income Go Hand in Hand”, Harvard Business Review

What if a language could change the livelihood of a whole country?

When we look at an economy, we usually pay attention to investments, jobs or products, but very scarcely do we look at languages being spoken there.

The education gap between students of high- and low-income families starts in their first year of education, and only widens as they grow older. This case is even more apparent between countries that do not put any effort toward including the teaching of ESL in their curriculum, and countries which include it as a mandatory subject.

The GDP of a country is determined by the market value of all goods and services produced by a nation in a year. The correlation between a nation’s proficiency in English and their GDP has been widely tested by economists year after year. Having a common language for business, such as English, is the main tool that citizens will have to compete and communicate with the world.

The Harvard Business Review conducted a study called: “Better English and Income Go Hand in Hand” (HBR, 2013), and in it we observe that countries that tried to incorporate the teaching of English saw an increase in overall international investment revenue. The salary impact had an average increase of 30-50% per person, and the living conditions and life expectancy were widely impacted.

The improvement in conditions is not only for the country but affects every individual in their personal life.

In retrospect, why should global business leaders care about people learning English in their part of the world? Think of it as an upper-hand advantage to other countries, an ‘in’ into a competitive, but lucrative global marketplace. Not only that, but it also presents an opportunity to really bring the world together into unison.

At ILAC we are happy to be a part of the change we want to see in the world, and to help boost worldwide economies in a positive way!

Resources

McCormick, C. (2013) “Countries with Better English Have Better Economies”, Harvard Business Review. https://hbr.org/2013/11/countries-with-better-english-have-better-economies Accessed April 2nd, 2019.

 

 

Enjoy this post? Please share!

Instagram

Facebook

3 days ago

Sunshine, new friends, epic adventures 🌞🎉 ILAC summer activities bring the fun outside the classroom, from welcome parties to cool prizes and unforgettable memories.Just by joining, the experience begins 💥👉 www.ilac.com/activities ... See MoreSee Less
View on Facebook

7 days ago

Summer fun is in full swing at ILAC Teens, but it’s already time to start thinking about what’s next 🍁❄️Our Fall & Winter Teen Program is packed with awesome activities, new friends, and unforgettable memories. Students aged 15 to 18 will study English, live with a local family, and explore Toronto or Vancouver through fun trips and experiences.Choose between 2 to 8 weeks, with 30 English lessons per week and exciting activities like overnight trips, city adventures, and weekend excursions.Ready for your next adventure? Visit ilac.com/fall-programs/ to learn more! ... See MoreSee Less
View on Facebook

1 week ago

It’s never too late to invest in yourself. Whether you’re 18 or 48, ILAC is for every age and every stage.We also offer programs designed specifically for students 30+, with tailored classes and social activities to match your vibe.Click the link in our bio to learn more and start your journey with us!📷@vegowl#ilac #iloveilac #ilac30plus #studyincanada #ilactoronto #ilacvancouver ... See MoreSee Less
View on Facebook

1 week ago

Planning to immigrate to Canada and need French?Join a free online French demo class at ILAC and see how we can help you reach your language goals. Our classes are designed to support students preparing for life, work or immigration in Canada.Meet our teachers, connect with other learners, and experience the ILAC difference.Sign up here: ilac.com/democlasses#learnfrench #ilac #frenchclasses #immigrationcanada #frenchdemoclass #studyincanada ... See MoreSee Less
View on Facebook