The word globalization first appeared in the second half of the1980s and now has become the most ubiquitous in thelanguage of international relations. It has spawned a newvocabulary: globaloney (Why all the hype when the globaleconomy was more integrated in the age of Queen Victo-ria?): globaphobia (the new, mainly mistaken, backlash);globeratti (the members of the international nongovernmen-tal organizations [INGOs] who travel around the world fromconference to conference, except when they are on theInternet mobilizing for the next conference), and so on. ForRobert Gilpin, among the world's most eminent scholars ofinternational relations, globalization is insightfully defined asthe deepening and widening integration of the world econ-omy by trade, financial flows, investment, and technology.