Abstract. In the process of globalization of the world, English has become not only a means of communication, but also an important economic asset. It plays a crucial role in international trade, foreign direct investment, competitiveness in the labor market, access to information and technological opportunities, and integration into international knowledge networks. Empirical data show that knowledge of English increases the employability of individuals, the economic integration of countries, and the efficiency of enterprises. At the same time, the dominance of English is also likely to lead to economic, cultural, and social disadvantages for non-English-speaking groups. Therefore, while recognizing English as a powerful engine of economic globalization, there is a need for inclusive language policies that support equitable and multilingual approaches.