The international spread of capitalism, especially in recent decades, across national boundaries and with minimal restrictions by governments. The global economy has become hotly controversial. Critics allege that its props, free markets and free trade, take jobs away from well-paid workers in the wealthy nations while creating sweatshops in the poor ones. Its supporters insist that the free movement of capital stimulates investment in poor nations and creates jobs in them. The process is also called globalization.
This will certainly lead to very serious consequences in the global economy.
Not just to the West African economy, but to the global economy.
And International Monetary Fund chief Christine Legarde proposed solutions for fixing the global economy.
In a global economy, the U.S. will struggle to compete in low-cost assembly.
Exports, which soared in 2010 and 2011, are showing signs of plateauing as the global economy slows.
We need not shrink from the challenge of the global economy.
These, by the way, are coming more into use in our global economy.
To which extent do they reflect pragmatic reintegration in the global economy or safe isolationism?
The interconnectivity of business and of markets creates the global economy.
While the debates are going on, these new practical experiences are taking hold in the global economy.