Language barriers in economic researches and translations of economic concepts: essence, levels of occurrence, methods of overcoming

О. V. Kerekesha
PhD; Head of Foreign Languages Department; Odessa National Economic University, e-mail:k.im@oneu.edu.ua

S. A. Sheludko
Post-graduate student of Banking Department; Odessa National Economic University; e-mail:s.szeludko@gmail.com

Cite this article:

Kerekesha, О. V., Sheludko, S. A. (2015). Language barriers in economic researches and translations of economic concepts: essence, levels of occurrence, methods of overcoming.Ed.: M. Zveryakov (ed.-in-ch.) and others. Socio-economic research bulletin; Vìsnik socìal’no-ekonomìčnih doslìdžen’ (ISSN 2313-4569), Odessa National Economic University, Odessa, Issue 4, No. 59, pp. 62–66.

Abstract

The article is devoted to the problem of the language barriers in economic researches. Authors touch upon the essence, levels of occurrence and methods of those barriers overcoming. On the example of English-Ukrainian and English-Russian translations of the notions of “foreign exchange policy”, “foreign exchange regulation”, “foreign exchange control” it is shown, that there are multiple opinions about the way for the correct translation of these terms. The authors come to the conclusion that these terms must be translated into English with the adjective “foreign exchange”.

Keywords

economic concepts; foreign exchange control; foreign exchange policy; foreign exchange regulation; language barriers; translation of terms.

JEL classification: E520; E580

UD classification: 330; 030.111

References

1. Makaev, Kh. F. (2011), The removing of language barrier as a condition of a formation of the linguistic competence of the future expert [Ustranenie yazykovogo bariera kak uslovie formiro-vaniya yazykovoy kompetentsii budushchego spetsialista], Uchenye zapiski, Vol. 11 (81) (rus)
2. Bushev, A. B. (2013), English that is impacting on the professional mentality: management [Angliyskiy yazyik, vliyayushchiy na professionalnyy mentalitet: menedzhment], Obrii suchasnoy lingvistiki, Vol. 4 (rus)
3. Chugaev, O. A. (2010), Monetary integration in European Union [Valiutna intehratsiia v Yevropeyskomu Soiuzi], Vydavnycho-polihrafichnyi tsentr Kyivskyi universytet, Kyiv (ukr)
4. Airlie, M. (ed.) (2010), Collins Russian Dictionary. Russian-Englis, English-Russian Dictionary [Russko-angliyskiy, anglo-russkiy slovar], Metodika, Kyiv (rus)
5. Favorov, P. A. (ed.) (1973), English-Russian Marine Dictionary (n. 50 000 terms) [Anglo-Russkiy morskoy slovar (ok. 50 000 terminov)], Sovetskaya entsiclopedia, Moscow (rus)
6. Levitan, K. M., (ed.) (2013), English-Russian and Russian-English Law Dictionary [Anglo-Russkiy i Russko-Angliyskiy yuridicheskiy slovar], Prospect, Moscow (rus)
7. Sipols, O. V. (2011), New English-Russian Dictionary-Handbook. Economics [Novyiy anglo-russkiy slovar-spravochnik. Ekonomika], FLINTA, Moscow (rus)
8. Svetlanin, S. N. (2013), Politics. Economics. Law: Russian-English Dictionary [Politika. Ekonomika. Pravo: russko-angliyskiy slovar], FLINTA, Moscow (rus)
9. Terekhova, E. V. (2012), Politology. International relations: Russian-English Dictionary-Thesaurus [Politologiya. Mezhdunarodnye otnosheniya: Russko-angliyskiy slovar-tezaurus], FLINTA, Moscow (rus)
10. Sheludko, S. A. (2015), The analysis of modern approaches to the definition of the essence of the foreign exchange regulation [Analiz suchasnykh pidkhodiv do vyznachennia ekonomichnoi sutnosti valiutnoho rehuliuvannia], Naukovyi visnyk ONEU, Vol. 3 (223) (ukr)
11. Bagheri, M. (2000), International Contracts and National Economic Regulation: Dispute Resolution Through International Commercial Arbitration, Kluwer Law International, The Hague.
12. International monetary fund, The Glossary, available at: http://www.imf.org/external/np/ term/rus/pdf/glossaryr.pdf.