global economy

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.

Example Sentences

Not just to the West African economy, but to the global economy.

From The Daily Beast

We know that the nation that goes all-in on innovation today will own the global economy tomorrow.

From The Daily Beast

The global economy has grown in every year since 1944 except one—2009.

From The Daily Beast

Then the global economy started to collapse, threatening worldwide recession.

From The Daily Beast

“Without access to mobile, so many poor have been cut out of global economy,” Blair noted.

From The Daily Beast

But if we want to take full advantage of the opportunities before us in the global economy, you all know we must do more.

From Project Gutenberg

Record numbers, record numbers of Americans are succeeding in the new global economy.

From Project Gutenberg

The most important job of our Government in this new era is to empower the American people to succeed in the global economy.

From Project Gutenberg

To which extent do they reflect pragmatic reintegration in the global economy or safe isolationism?

From Project Gutenberg

While the debates are going on, these new practical experiences are taking hold in the global economy.

From Project Gutenberg