Globalisation is a term used constantly today.
Personally, I can't understand all the fuss. Globalisation is not a new concept. Marx and Engels recognised the impact of globalisation over 150 years ago. Lenin discussed the phenomena of globalisation at the start of the last century under the label of 'imperialism'. Yet at the start of this century a lot of people who get excited about globalisation say that technological forces are so vast and so powerful that all of the previous laws and social contracts developed over time are irrelevant.