Americanization of the Global Economy

Paper Summary:

This paper contends that the careful estimations of the Americanization covered under the mask of globalization, encourage workaholism and greed by promoting the American way of life as superior and consumerism as the priority of New Capitalism. The paper explains that the promotion of more efficient and free international cooperation using the comparative advantage of developing countries and thereby helping them to grow, reveals some threatening trends of cheap labor exploitation.

Table of Contents
Introduction
The Spread of American Economic and Political Conception
The early history of American corporations
Overseas Expansion by the U.S. Companies
Global Corporate Governance Systems
The 'Insider' and 'Outsider' Models of Corporate Governance
International adaptation of American Business Practices
Economic Impacts and Effects of Americanization on National Culture
Summary of Economic gains and losses from Globalization
Promotion of consumerism as the ally to U.S. corporations' invasion
Conclusion
References

From the Paper:

"As the World Bank states: 'Globalization - the growing integration of economies and societies around the world - has been one of the most hotly-debated topics in international economics over the past few years. Rapid growth and poverty reduction in China, India, and other countries that were poor 20 years ago, has been a positive aspect of globalization. But globalization has also generated significant international opposition over concerns that it has increased inequality and environmental degradation' . Globalization is viewed not as the final stage of human progress, but rather an ideology 'imposed on the world by transnational corporations and their fellows in governments and universities. These forces have elevated theories about market economics, free trade, consumer choice and economic 'efficiency' to the level of a religion - indeed, to the level of scientific fact, akin to the laws of physics - because it boosts their profits and expands their political control'."

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