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

AI could contribute up to $15.7 trillion to the global economy by 2030, according to PwC.

From The Wall Street Journal • Apr. 24, 2026

The Bank of England expects stock markets around the world to fall as share prices do not reflect the many risks facing the global economy, its deputy governor has told the BBC.

From BBC • Apr. 23, 2026

Many in Islamabad nonetheless were proud of their country's role in navigating a possible end to weeks of fighting that has killed thousands and thrown the global economy into turmoil.

From Barron's • 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