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

Warsh's term as a Fed governor saw him work closely with its chief Ben Bernanke on the central bank's policy responses during the financial crisis that rocked the global economy in 2008.

From Barron's

“This data provides deep insight into what’s happening in the global economy, helping us see through the fog and chart the path forward,” Chief Executive Steve Schwarzman said Thursday during a call with analysts to discuss the New York firm’s fourth-quarter results.

From The Wall Street Journal

The strength of Ireland’s performance highlights the often surprising response of the global economy to higher U.S. tariffs, with trade flows having held up much better than expected, as did growth.

From The Wall Street Journal

But it is another tremor shaking up assumptions about the global economy.

From The Wall Street Journal

The dollar-euro exchange rate is among the most important in the global economy, and the greenback has lost about 14% of its value relative to the euro over the past year.

From The Wall Street Journal