The Nature of Globalized Capitalism and The Consolidation of The Idea of Hegemony and Dependency

Abstract

Globalization is considered the most advanced stage of the capitalist system, as it seeks to expand global markets, increase profits, and remove barriers that restrict the movement of capital, goods, and multinational corporations. Scientific and technological development has played a major role in strengthening the global dominance of capitalism, leading to the restructuring of the world economy and increasing the influence of multinational corporations at the expense of nation-states.

Globalization has also been associated with the spread of consumer culture and economic liberalism, promoting a global cultural model through media and technology. This has led many scholars to view globalization as a form of cultural imperialism that threatens the cultural uniqueness and national identities of societies.

Furthermore, globalization poses significant challenges to cultural identity by weakening local and national affiliations in favor of global cultural patterns. However, many researchers argue that preserving identity does not require rejecting globalization; rather, it requires engaging with it critically while maintaining cultural and national values and embracing shared human values, thereby achieving a balance between preserving cultural authenticity and remaining open to the world.