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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Words nearby global economy
Example sentences from the Web for global economy
At some point during his busy schedule, Israel found the time to write a book, titled The Global War on Morris.Powerful Congressman Writes About ‘Fleshy Breasts’|Asawin Suebsaeng|January 7, 2015|DAILY BEAST
Unlike the Soviet Union at a certain period in history, the Russian economy does not hold a candle to that of the United States.
Nothing in it was meant to change the basic operations of the capitalist economy or to intervene aggressively in class relations.
We face a lot of problems at this moment in our national and global history.
The economy has begun to add jobs, but the quality of those jobs is an increasing concern.
He wrote on law, medical jurisprudence and political economy, and translated Justinian and Broussais.
I have been admonished and instructed by the systematic economy which is practiced even in great houses.Glances at Europe|Horace Greeley
Economy with the good old soul was a cardinal virtue, waste a deadly sin.
He published several volumes on political economy, and was much interested in statistics.
The economy of heat in smelting furnaces and in the arated steam-engine were bold means to large results.Life of Richard Trevithick, Volume II (of 2)|Francis Trevithick