global economy

Cultural  

1. 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.

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global economy

It highlights both countries' efforts to prevent a sell-off in the yen and Japanese government bonds from having an impact on the global economy, including potentially helping to push up borrowing costs for Washington.

From BBC ● Aug. 3, 2026

It was supposed to open the Strait of Hormuz to ships carrying vital energy exports from the Gulf to feed the global economy.

From Barron's ● Aug. 3, 2026

But the US leader expressed hope that renewed diplomacy could bring an end to the war that began in late February with a wave of US-Israeli strikes, rattling both the region and the global economy.

From Barron's ● Jul. 27, 2026

And something like a billion low-wage workers walked into the global economy at once.

From MarketWatch ● Jul. 27, 2026

And the big questions in this era were: Where does my company fit into the global economy?

From "The World Is Flat" by Thomas L. Friedman