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Disadvantages Of AmericanizationAlthough America was able to gain much political power through its ever growing economy there were many social costs during the process of growth and wealth creation, which are the negative and undesirable effects of large US corporations (Galambos, 933). One disadvantage of the American corporate system is the tendency towards monopolization within the market (Galambos, 933). This, in turn, will create oligopolies within industries and thus there will be little chance or incentive for competition (Galambos, 937 38). Little plurality of firms dominating the economy is problematic as economic power is so closely tied to political power (Galambos, 937 38). Now, in an international framework, as a nation, it is quite arguable why this would be... Show more content on Helpwriting.net ...The author describes the adaptation of European countries to this new American challenge of increased efficiency to promote growth and profit within their economy (44). The incentive has been to catch up with American prosperity by adopting certain features that characterize huge profit generating corporate firms that are the ones responsible for the ever increasing growth of the US economy (44). However, he highlights that in actual times, although the European corporate system has successfully adopted parts of the American style corporate structure, it has hybridized them with socialist values and features (44). European states have been selective in the process of doing so in order for the system to work successfully within national preconditions and at the same time ensuring it would not undermine the social welfare that characterizes European economies