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

Analysts led by Yulia Zhestkova Grigsby, a commodities strategist, looked at product supplies, price responses and anecdotes to address the issue of whether the global economy is running short of oil.

From The Wall Street Journal • Apr. 6, 2026

“Economic problems persist in any scenario, but escalation is worse,” Alston notes, adding that the cost to the global economy would be steep.

From Barron's • Apr. 5, 2026

In 2009, he told me, he worked on a graduate research project on exactly that chokepoint: how critical it was, how catastrophic its closure would be for the global economy.

From Slate • Apr. 1, 2026

On one channel, the war is a high-stakes effort to stabilize a critical artery of the global economy.

From Salon • Apr. 1, 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