Especially in Americanized form, the fourth interpretation has equated globalization with modernization or westernization. A fifth idea by Scholte identifies globalization as de-territorialisation which is also regarded as a spread of supra-territoriality by Scholte. Globalization entails a reconfiguration of geography following this interpretation. So in terms of territorial distances, territorial places and territorial borders; the social space is no longer wholly mapped.
The period in which globalization took place would be different depending on which definition of globalization is being used. If one believes in the opinion that globalization is just international expansion or world or any other definition which regards it as belonging to the world; in that case globalization is not a new concept, it is a concept which has always existed in the world for many centuries, and on international relations there has been very little impact of the same. It could be argued that globalization has taken place in last few years if widely accepted concept of the term globalization is used. The globalization is the idea that the world is now borderless in terms of exchange of goods, information and capital and in terms of a stretching of social relations across the international boundaries. This has resulted in fundamental changes in the international relations.
Many of the theorists are of the opinion that the concept of globalization which is observant today is not different from any of the periods in the past. Globalization for these global sceptics is not different from modernization and advance of society. It is true to say that there are many individuals who are of the opinion that there has been no huge change because of the same. It has been argued by global-sceptics that centuries ago there existed an open marketplace where money was traded and commodities were also traded (Ghose 2003). On the other hand, the globalists believe that between hundred years and now, many parallels could be drawn and currently it is very different. They suggest that as compared to anything which happened previously in the history, globalization today is more profound, intense, and dynamic and is faster moving.