Globalization in the financial perspective

Abstract

Globalization is a term that expresses a phenomenon or ideology, or it may be a mixture of the two, and it is ultimately a global trend with historical roots, as globalization has existed since the sixteenth century. Globalization is in a new way of capitalism, it may be a forced globalization, taste, literature, ethics, the culture of globalization is surrender. Any emergence of a comprehensive, comprehensive culture, and this cultural comprehensiveness results from comprehensive globalization, and thus cultures with national specificities disappear with it, meaning that a comprehensive culture prevails - and according to the concept of globalization, the sovereignty of the state is a finished matter, meaning that the issue of sovereignty should be forgotten, and denying sovereignty means denying culture, because if there is no state, there is no sovereignty of national culture, there is no god but the existence of a national culture without a national state that preserves the components of the homeland, the homeland's economy, and the local family, and when a person forgets the sovereignty of the state, it is as if he has forgotten his culture and identity, so capitalism tends to establish the principle of diminishing the role of the state and its sovereignty over its political territory to resolve the historical contradiction that it has suffered from. The basic contradiction in capitalism throughout its history has been between a necessarily global economy and a regional policy, given that political sovereignty is governed by the territory of the state, and what stood in the way of the policy of capitalist internationalization or capitalist globalization was the regional state, which they overcame in ancient times through colonialism. Then came the national liberation movements, which disintegrated the global environment that was united by colonialism, and now the capitalists seek to achieve alternative control to colonial control through globalization.