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

The U.S. represents a quarter of the global economy.

From The Wall Street Journal

Such support, combined with a weak dollar and a potential Federal Reserve rate cut, means the global economy might stay on its feet in 2026, provided the AI boom doesn’t fizzle.

From The Wall Street Journal

Taking a look at the bigger picture for oil, Hodes said that “supply growth has really been the story of the oil market in 2025” — not an outright weak global economy.

From MarketWatch

According to many experts, the rogue state has made up for its exclusion from the global economy by creating an alarmingly effective cyberhacking program.

From Los Angeles Times

That could drive even more companies from the public markets, hollowing out one of the most powerful assets the U.S. has to compete in the global economy.

From Barron's