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.

---

Example Sentences

A risk to Yardeni’s optimism is that elevated oil prices because of the Iran war could still hit the global economy.

From MarketWatch • May 11, 2026

Still, the monthslong shutdown of the key shipping lane has yet to fully ripple through the global economy.

From The Wall Street Journal • May 7, 2026

Artificial intelligence isn’t just driving the stock market, it’s rewiring the entire global economy.

From MarketWatch • May 5, 2026

The head of BlackRock’s fundamental equities global technology team, Tony Kim, says AI is rewiring the global economy, and that will just keep going.

From The Wall Street Journal • May 5, 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