global economy

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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On the campaign trail in his hometown of Edmonton, I heard him say "America's leadership of the global economy is over" and that was a "tragedy".

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But the S&P report wrote that "larger, structural deficits", coupled with more volatility in the global economy, could threaten Australia's AAA credit rating – the highest tier.

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Even if tariffs against the UK are not extended, EY said any further trade tensions could have an indirect impact on UK growth by damaging the global economy.

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The US representatives faced not open hostility, but exasperation, bewilderment and deep concern, from almost the entire rest of the world, for having sent the global economy back towards a crisis, just as it had finally emerged from four years of pandemic, war and energy shocks.

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But with Trump’s Maple Leaf delusion blowing up in his face, his incoherent tariff policies torpedoing the global economy and his purported deal-making brilliance accomplishing less than nothing in Ukraine, he looks nothing like an all-powerful stable-genius conqueror-slash-peacemaker on the world stage.

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global dimming globalism

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