This thesis aims to discuss the argument of exhaustion of economic globalization as an American foreign policy principle. This study argues that economic globalization is intended to restore declining American hegemony started in 1970s, but it has eventually given way to the argument of &ldquo / return of the geopolitics&rdquo / . The return of the geopolitics is an imperial, expansionist drive as a new foreign policy imperative for United States. The new developments in the international arena in the post-cold war era and especially after the September 11, 2001 brought the end of the globalization as an American project. Globalization is replaced with geopolitics in the transition period from hegemony to empire in United States foreign policy. Because there are new threats for United States in the twenty-first century such as the rise of new global actors in world politics or international competition for oil resources in the strategic regions of the world. In this framework, this study focuses on the rise of new, alternative &ldquo / great powers&rdquo / (European Union, China etc...).