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.
Then the global economy started to collapse, threatening worldwide recession.
Not just to the West African economy, but to the global economy.
In a global economy, the U.S. will struggle to compete in low-cost assembly.