This paper asserts that the term "
globalization" has actually come to mean "Americanization". The paper explains that, while
globalization was supposed to open up the world to
companies and countries everywhere through the free movement of capital, labor and goods, plus the availability of technology, America has been the country to benefit most from the
globalization process. The paper uses the example of American tobacco companies to illustrate how American companies have taken advantage of globalization to promote their businesses regardless of the cost to other countries. The paper concludes with the assertion that the rules of international trade, investment and finance require urgent reform and that the institutions that currently make the rules that govern the processes of globalization also require reform.