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

What does that signal to other countries—adversaries or even allies—who have similar potential control over other straits or chokepoints across the global economy?

From Barron's • Jun. 25, 2026

But the global economy isn’t home free just yet.

From The Wall Street Journal • Jun. 19, 2026

Even if everything goes smoothly, don’t expect the global economy to go back to business as usual.

From Barron's • Jun. 18, 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

The tide rolls with corporate fortunes and the global economy, and relos are not singled out in census statistics.

From "Class Matters" by The New York Times