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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global economy

But the US leader expressed hope that renewed diplomacy could bring an end to the war that began in late February with a wave of US-Israeli strikes, rattling both the region and the global economy.

From Barron's ● Jul. 27, 2026

And something like a billion low-wage workers walked into the global economy at once.

From MarketWatch ● Jul. 27, 2026

The outcome of China’s effort to catch up has ramifications for the global economy.

From The Wall Street Journal ● Jul. 24, 2026

That threat could introduce more turmoil into the global economy, as the waterway in question, the Bab al-Mandeb Strait, is an important shipping route for oil and natural gas.

From Slate ● Jul. 20, 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