It is nowadays hard to imagine that less than three decades ago the notion of globalization did not figure in the vocabularies of academics, policy makers, protesters, and business leaders. Globalization as a notion is rather new. It has replaced concepts such as internationalization and transnationalization (common until the late 1980s) because the notion/idea of globalization better reflects a new condition in worldwide economic, political, and cultural relations. Two clear differences mark this shift in conceptualization.

This essay may be found on page 125 of the printed volume.

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