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The dollar is falling, but globalization presses on – with an increased demand for translation. These key facts explain why a new report from business globalization research and consulting firm Common Sense Advisory (www.commonsenseadvisory.com) reveals that, in spite of the changing rankings of players in the global economy, pricing within the US$12 billion-plus translation services industry has remained relatively stable in recent years. For most languages, prices fluctuated by only 10 percent up or down over a four-year period. Common Sense Advisory based these findings on a detailed online survey, which was completed by nearly 300 language service providers (translation firms) about their pricing structures, processes, and customer bases. The firm’s 112-page report, entitled, “The Price of Translation,” includes pricing data...

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