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

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global economy

That is nowhere near the peak levels of hijackings 15 years ago that cost the global economy billions of dollars.

From BBC ● Aug. 29, 2026

The global economy, to some surprise, has taken it all in its stride.

From The Wall Street Journal ● Aug. 28, 2026

The U.S. and global economy have weathered rate hikes well.

From MarketWatch ● Aug. 26, 2026

The expansion of cross-border trade indicates the global economy has weathered the closure of the Strait of Hormuz to most shipping.

From The Wall Street Journal ● Aug. 25, 2026

And the big questions in this era were: Where does my company fit into the global economy?

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