Main features of Business English communication in modern financial and economic area

Abstract

The article is devoted to the review of stylistic, grammatical and lexical features of foreign business communication in modern financial and economic area. The functional styles that have developed as a result of social and financial dynamic changes were analyzed. In order to significantly consider and distinguish the main competencies of business communication, an analysis of various approaches to the classification of given competencies was carried out. Globalization processes, the interaction of different cultures, the interaction of new ideas in education provide the dynamic development of a new multi-level system, where such competencies are vital. Since in modern financial and economic society the paperwork of legal relations is in great demand, regulation of various aspects of public beings and hence the necessity of a book language for processing business papers, official and personal correspondence. The expansion of the social functions of English, the scope of its usage, importance of the standardization of terminology system of many areas of life, to analyze the flow of cross-borrowings that filled Ukrainian-speaking community, to develop the culture of communication that affects to the quality of speech. Key economic and political changes that took place at the turn of centuries, the progress of science and technology, the development of new technologies resulted in emerges of new concepts and realities for which various lexical units are used. In the context of dynamic transformational development of the world economy, in the context of coexistence of the various economic theories, the professional vocabulary of financial and economic area is becoming more and more relevant and significant both in formal and informal communication.