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

Still, an increase in production capacity could “help alleviate the impact of current conditions on the global economy over time,” she said in comments sent to MarketWatch.

From MarketWatch • Apr. 28, 2026

Even if the strait opened tomorrow, the hit to the global economy would be long lasting.

From The Wall Street Journal • Apr. 28, 2026

Sarah Breedon said she expected share prices to fall to reflect the many risks facing the global economy.

From BBC • Apr. 24, 2026

It's a reminder that China is no longer just at the centre of the global economy.

From BBC • Apr. 22, 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