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

“Space will underpin every sector of the global economy, from defense, connectivity, and climate intelligence to next‑generation compute.”

From Barron's

Warsh's term as Fed governor saw him work closely with then chief Ben Bernanke on the central bank's policy responses during the financial crisis that rocked the global economy in 2008.

From Barron's

Strategists anticipate de-escalation, with Gulf leaders promoting diplomacy to avert conflict, as a war could significantly damage the global economy.

From Barron's

Strategists anticipate de-escalation, with Gulf leaders promoting diplomacy to avert conflict, as a war could significantly damage the global economy.

From Barron's

Tran said bitcoin is a “a liquidity-sensitive” asset, which means it benefits from central banks cutting interest rates and injecting more money into the global economy.

From MarketWatch