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

China, a key fuel provider to the global economy, has slashed exports as crude supplies from the Middle East have petered out.

From The Wall Street Journal ● Aug. 7, 2026

Still, Novo blowing its massive lead raises fresh questions about the ability of European companies to compete in key technologies defining the global economy, financial and economic analysts say.

From MarketWatch ● Aug. 5, 2026

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

Surging oil prices roiled the global economy and prompted the U.S. to eat into oil reserves to bring prices down.

From The Wall Street Journal ● Jul. 29, 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