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

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

"Austin has become a focal point in a global economy."

From BBC • Jun. 18, 2026

This technological gold rush has propelled economic momentum in key parts of the global economy even as the oil squeeze hurt others.

From The Wall Street Journal • Jun. 17, 2026

And the big questions in this era were: Where does my company fit into the global economy?

From "The World Is Flat" by Thomas L. Friedman