DIFFICULTIES OF ECONOMIC NEOLOGISMS TRANSLATION

Abstract

The article researches the main difficulties of neologisms translation using English economic words and terms as an example. This problem is of great importance at present since various shocks in the economy of many countries and measures taken to overcome them have become an abundant source of new economic terms and words. The aim of this paper is to demonstrate that translation of new words or new meanings of words often causes difficulties as they are not covered by dictionaries including specialized ones and even internet search engines do not always provide the information required. Therefore, the author presents possible ways to overcome these difficulties adopting a popular integrated approach to language teaching which organically combines the usage of background professional (in this case economic) and linguistic knowledge. In this way a dual problem is solved quite effectively – neologisms translation and enhancing professional competence of economists. The paper analyzes the main ways of neologisms translation and gives specific examples used in the economic press including The Economist. The examples in question are new words, terms or new meanings of words that emerged as a result of new trends in the world economy which is quite a new aspect provided in the article. The author concludes that neologisms translation requires the corresponding translation techniques, basic economic knowledge and awareness about a specific situation in economy. The paper also draws a conclusion that active evolutionary processes are going on in the lexical sub-system of the modern English language.