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