This twelve-page graduate paper discusses globalization. It is the most heatedly debated subject these days and is held responsible for everything from slow down in the economy to rising unemployment to terrorism. It is important therefore o objectively discuss this compelling issue to understand if it is indeed contributing to negative social and economic trends. It has been noticed that globalization is a product of capitalism which is one economic system actively and staunchly supported by the United States. This is the reason why many link globalization to American and are of the view that globalization is simply another name for Americanization. 12 pgs. Bibliography lists 15 sources.