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

The World Bank last week forecast the global economy will grow 2.5% this year, only a small downgrade from its prewar forecast of 2.6%.

From The Wall Street Journal • Jun. 19, 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

At times, of course, the two function as one: the spending shift that followed the World War II, taking money away from national defense and into domestic growth, produced a towering global economy.

From Barron's • Jun. 17, 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