To further understand the importance of the current account balance, consider the elements that are inflows and outflows. The USA has had a current account deficit for many years now. We “get away” with this because the US dollar is the world’s primary reserve currency.
Suppose we were required to reduce our current account deficit because countries decided to hold fewer US dollars in reserve. What would have to increase? What would have to decrease? What does that mean specifically to American households and businesses and governments? Evaluate the impact this would have on the American economy and its households, businesses, and governments.
(Wilton & De Houwer, 2011) so it should be no surprise that the growing use of languages continues today, most notably English. There are controversies, however, surrounding the use and adoption and adaptation of English in some European countries (De Houwer et al., 2011, p. 2). Europe is the perfect example of the Expanding, and the Outer circle’s as discussed by Kachru (1992) and with that comes varying national and local needs within each country, and consequently, problems can manifest within a local, regional pr national context. An example of this is linguistic borrowing which is seen as a threat on the one hand and as a step towards greater acceptance of neighbouring or global cultures on the other. France The elitist language of the 19th and early 20th centuries was French. It dominated Europe and was seen as a ‘superpower’ in diplomacy and education; this, however, is no longer the case because France has transitioned from the superior global power to a minor power (Oakes, 2001, p. 154).This dramatic shift in power and use of language changed as one country surpassed France’s status as the most sort after language to show prosperity and wealth; The United States of America (US) (Oakes, 2001). Due to the US’ growth in aspects such as economics, culture and politics, this, in turn, helped a natural step towards the use of English (Oakes, 2001) This increased use of English has led France to discuss the idea that the French language is under threat by the Anglicisation of their language. French was recognised as an official language when the United Nations formed in 1945 but has since taken a less prominent role and is currently not used as heavily as English. Whatsmore, France has taken action against the use of English by introducing laws which protect and encourage French nationals to use French rather than English. The French government placed restrictions on five key domains; commerce, media, education, work and government. This shows that sociopolitically, the use of English in France could be regarded as harmful since the laws and restricted use of English were introduced (Adamson, 2007). Conversely, a survey conducted by French nationals revealed that their attitudes towards learning and using English are much more favourable than that of the governments (Adamson, 2007).The studied concluded that 98% thought it necessary to know English and 86% agreed that English should be taught from a young age which the French government advocated against (Adamson, 2007). That said, they did unanimously agree that where anglicisms exist in France, there are more often than not French equivalents but are not used. When the UK joined the EU in 1973, French was still widely used within th>GET ANSWER