Global capitalism refers to an economic system where trade, investment, and production are conducted on a global scale. It emphasizes free markets, private ownership, and competition, allowing businesses to operate across national borders. This interconnectedness enables countries to specialize in certain goods and services, promoting efficiency and innovation. In global capitalism, multinational corporations play a significant role, as they can influence economies and labor markets worldwide. The system encourages the flow of capital, technology, and labor, but it can also lead to economic disparities and environmental challenges. Overall, global capitalism shapes the way countries interact economically and socially.