TRANSFORMATION THE STATE SOVEREIGNTY CONCEPT IN THE CONTEXT OF GLOBALIZATION

УДК 340.5

Abstract

The article proposes to rethink the term “globalization” and emphasize the fact that globalization is not somuch an innovation of modern society as the historical phenomenon that has originated in antiquity and established itself during the formation of capitalist relations, which are predetermined its rapidly growing popularity.The scientific significance of the study lies in the comprehensive analysis of approaches to defining theconcept of «globalization» and assessing the level of globalization impact of on the concept of the sovereignty.Based on specific historical examples, the interrelation and interdependence of the market economy andglobalization processes, the inevitability of isolation the hegemonic states in the international arena, as wellas the regularity of their periodic change, are investigated.The authors conclude that in the context of globalization, the concept of sovereignty is significantly modified, so the main feature of the state is not so much the existence of sovereignty, but the claim to sovereignty.In conclusion, the author proposes an approach to the definition of the concept of the state and law inthe context of globalization. So, given the inevitability of hegemony and the impossibility of achieving fullsovereignty, the state should be understood as the limited territory claiming sovereignty, led by the politicalorganization that provides civil society management and aims to strengthen its economic position in thecapitalist interstate system.