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Translation as a Communication Tool for Specialists in International Economic Relations
Kovbatiuk M. V., Shkliar V. V., Begeka D. A.

Kovbatiuk, Maryna V., Shkliar, Viktoriia V., and Begeka, Dmytro A. (2024) “Translation as a Communication Tool for Specialists in International Economic Relations.” Business Inform 2:13–19.
https://doi.org/10.32983/2222-4459-2024-2-13-19

Section: International Economic Relations

Article is written in Ukrainian
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UDC 81’243:330(100)

Abstract:
The communication skills of specialists in international economic relations determine the ease of overcoming linguistic and cultural boundaries in today’s globalized world. As businesses expand into international markets, the demand for professionals with a high level of language competence, including translation and interpretation skills, is high. The article substantiates that translation competence is an integral part of the professional competence of applicants for economic direction, since integration processes and international cooperation increase the requirements for foreign language proficiency not only in the interpersonal sphere, but also in the economic, especially in the field of international business. In the course of the study, the main key challenges and barriers to effective communication in international business are identified and characterized, namely: cultural differences, language barriers, non-verbal communication signals, technological challenges, time zone differences, cross-cultural misunderstandings, translation and interpretation. Emphasis is placed on translation and interpretation, as it is an important tool for facilitating communication between speakers of different languages. Correct translation and interpretation requires not only knowledge of the language, but also cultural competence, understanding of the context and knowledge of the subject. The authors identify the main areas of application of translation and interpretation in international business, including: legal and regulatory documents; financial reports and market analysis results; marketing and promotional materials for international markets; translation of technical specifications, instructions and documentation for products; diplomatic negotiations, international conferences and diplomatic correspondence on economic issues. Thus, translation is an effective tool for effective communication, cooperation and negotiations in international economic relations. By overcoming language barriers, fostering intercultural understanding, and the exchange of information and ideas, translation plays a vital role in promoting economic cooperation, trade liberalization, and sustainable development on a global scale.

Keywords: translation, communication tool, language competence, international economic relations, international business.

Fig.: 2. Bibl.: 9.

Kovbatiuk Maryna V. – Candidate of Sciences (Economics), Professor, Professor, Department of Theoretical and Applied Economics, State University of Infrastructure and Technologies (of. 19, 9 Kyrylivska Str., Kyiv, 04071, Ukraine)
Email: [email protected]
Shkliar Viktoriia V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Theoretical and Applied Economics, State University of Infrastructure and Technologies (of. 19, 9 Kyrylivska Str., Kyiv, 04071, Ukraine)
Email: [email protected]
Begeka Dmytro A. – Candidate of Sciences (Pedagogy), Associate Professor, Associate Professor, Department of Theoretical and Applied Economics, State University of Infrastructure and Technologies (of. 19, 9 Kyrylivska Str., Kyiv, 04071, Ukraine)
Email: [email protected]

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