How Translation Improves The Economy

There are a number of factors that contribute towards economic growth in a country. An important factor is the number of industries that are manufacturing products that are of high quality and are similarly offering high quality services as well. A developed economy is in a unique position that allows the promotion of industries and services which in turn allows the industries to grow at a faster rate than in a less developed economy.  Both economic development and industrial development depend on each other to be successful.

The German English translation industry, in particular in the areas of technical and business translations has undergone considerable expansion in recent years. Reaching out to new markets overseas necessitates translating product information and advertising material from English to a German translation so as to capture the German speaking market.

German translators in countries where every day a new business venture is initiated can  take this opportunity by marketing their translation services. This means getting product information translated so that industries compete favourably with their competitors who have forgotten how important translations are when marketing products to as many people as possible.

The importance of translation apps to the world economy

Not only is translation in itself important but all the computer applications that go with it; Translators can build up all sorts of glossaries and resources as they go about different translations through the use of computer applications. Many translators even use machine translators to help them start the translation process. This machine translation software has been developed by translators themselves enabling them to create their own industry and income earning ability.

Furthermore, the translation industry has helped in the developing of other related industries such as proofreaders, graphic artists, text formatters, administrative personnel and even project t managers.  All these professionals can be outsourced from all corners of the globe and don’t even have to be visually present in an office to perform a translation task. Personnel in this burgeoning translation industry are part of what is forecasted to be by 2018 an industry worth $37 billion globally if all the salaries of the various professionals are added together. This indication shows the importance that industries are placing on localising their products to tap into the world market.