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The role of English as a lingua franca in FDI: Evidence from China.
- Source :
-
Journal of International Trade & Economic Development . Mar2024, Vol. 33 Issue 2, p294-315. 22p. - Publication Year :
- 2024
-
Abstract
- This paper examines the impact of English as a lingua franca on FDI by using the bilateral FDI data between China and 36 OECD countries. We find that English as a lingua franca significantly promotes FDI between China and OECD countries; the impact of English proficiency on outward FDI is greater than that on inward FDI in China; the improvement of English proficiency is more conducive to promoting China's FDI with non-English-speaking countries than with English-speaking countries. Our findings suggest that English can be an effective lingua franca to remove language barriers in FDI for developing countries, especially when the investing partners are high-income and non-English-speaking countries. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09638199
- Volume :
- 33
- Issue :
- 2
- Database :
- Academic Search Index
- Journal :
- Journal of International Trade & Economic Development
- Publication Type :
- Academic Journal
- Accession number :
- 175034525
- Full Text :
- https://doi.org/10.1080/09638199.2023.2175307