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Contemporary Globalization and financial dominance:

Another aspect of contemporary globalization that leads to a significant thrift in global politics is the extent of inequality created by the dominating financial structures. Contemporary globalization has revolutionalized the money dealing process with the spread of trans-border currencies, digital cash, debit cards, credit cards, etc. It has completely reshaped the global banking practices with the rampant use of superaterriotorial deposits, loans, and branch networks and funds transfers. Securities have also gained a significant global dimension with the inception of international bonds, stocks, global portfolios’ and round the clock electronic trading around the globe. Supraterritorial trade and finance have disproportionately benefitted the western economies allowing them to gain power over other developing and developed economies.  This has completely changed the global power paradigm and the unequally strong faction of this planet started practicing hegemony on the economically weak economies. Trans-border markets and superaterritorial market structures have contributed significantly towards the growing wealth gaps. Contemporary globalization has indeed contributed most towards the growth of economic and wealth inequality between different countries of the world which has led towards a power race in which all opponents want to gain as much economic power as they can but the winners are already decided, those who already dominate the global financial and economic structures. This view has been supported in the work of (Baylis, 2008; Smith, 2008; Owens, 2008, pp 519-525).

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当代全球化和金融优势:

另一方面,当代全球化导致全球政治的一个重要节约是由占主导地位的金融结构中创造了不平等的程度。当代全球化有了全新的钱处理过程在跨边界的货币,传播数字现金,借记卡,信用卡,等它已完全改变了全球银行业的做法与superaterriotorial存款,猖獗的使用的贷款,和分支机构网络和资金转账。证券也随着国际债券,股票以来取得了令人瞩目的全球性,全球投资组合和全球电子交易的时钟。超地域贸易和金融都不成比例地受益的西方经济体允许他们获得权力在其他发展中国家和发达国家。这完全改变了全球权力范式和这个星球上的不平等的强大阵营开始在经济疲软的经济实行霸权主义。跨边界的市场和superaterritorial市场结构有显著贡献对不断增长的贫富差距。当代全球化确实贡献最大的对已导致对电力的比赛,对手想获得尽可能多的经济力量,但赢家已经决定世界不同国家之间的经济和财富的不平等的增长,那些已经占据全球金融和经济结构。这种观点已经在工作的支持(贝里斯,2008;Smith,2008;欧文斯,2008,PP 519-525)。

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