Languages Proficiency and Multinational Settings: Implications and Prospects

Abstract: This paper reflects on a number of implications regarding the correlation between linguistic and economic variables. It considers economic production as a dynamism necessarily entailing linguistic competencies for employability and entrepreneurial activity. Based on self-reported questionnaire data, the study primarily hinges on a quantitatively-oriented approach. The results obtained demonstrate that proficiency in more than a language proves to be most advantageous, especially socio-economically, leading to valuable returns to both workforce and multinational. Individuals with more multiple linguistic skills seem to occupy better work positions. For the firm, hiring employees with a variety of language profiles renders profits with a high cost-effectiveness.