Skip to main content

Search from vocabulary

Content language

Concept information

Preferred term

global economy  

Definition

  • The global economy refers to the increasing economic interdependence of the countries and regions of the world. The most recent form of the global economy emerged in the 1970s as a result of advancements in information technologies combined with expanding neoliberal, political-economic philosophies and policies. [Source: Encyclopedia of Social Problems; Global Economy]

Broader concept

Belongs to group

URI

https://concepts.sagepub.com/social-science/concept/global_economy

Download this concept: