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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Example Sentences

Traders remain in buoyant mood after news that the two foes had ended their conflict, which had sent energy costs soaring and stoking inflation, sending shivers through the global economy.

From Barron's • Jun. 22, 2026

The resilience of the global economy during the energy shock means economists aren’t anticipating a boom now that the crisis is receding.

From The Wall Street Journal • Jun. 19, 2026

Its legacy to the global economy is likely to be an urgent need to rethink what energy security means.

From MarketWatch • Jun. 18, 2026

"Austin has become a focal point in a global economy."

From BBC • Jun. 18, 2026

For entry-level jobs into the global economy, these are about as good as it gets.

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