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

A full reopening of the Persian Gulf would remove a substantial overhang on the global economy.

From The Wall Street Journal • May 25, 2026

We believe the convergence of these areas will enable an unprecedented expansion in the global economy, leading to an age of abundance.

From Barron's • May 23, 2026

Riley is criticizing the global economy but setting this caper in the fashion world keeps the style interesting.

From Los Angeles Times • May 21, 2026

"In today's interconnected global economy, disruptions in strategically important industries can create ripple effects extending well beyond a single company or market," the American Chamber of Commerce in Korea said.

From BBC • May 21, 2026

For entry-level jobs into the global economy, these are about as good as it gets.

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