Give a reasoned definition of "globalization."

Since its first appearance in the Webster dictionary in 1961 , the term "globalization" has very quickly made its way into the standard vocabulary. As Anthony Giddens puts it, it almost appears that the word "has come from nowhere to be everywhere" . But nevertheless, its importance and relevance in today's society is undisputed, which can be seen by its constant usage in relation to various developments and trends in the world, describing things from the spread of …

…Territorial spaces remain significant, but the geography of world politics is now no longer reducible to territoriality." Bibliography: *<Tab/>Giddens, Anthony, "Runaway World", London, Profile Books, 1999 *<Tab/>Jan Aart Scholte, "Globalization of World Politics" in John Baylis and Steve Smith "The Globalization of World Politics", 2nd edition, Oxford, Oxford University Press, 2001 *<Tab/>Scholte, Jan Aart, "Globalization: a critical introduction", New York, Palgrave Press, 2000