This lecture is an introduction to various concepts and terms surrounding globalization and internationalization. A look at the differences between 'old' and 'new' internationalization was discussed. In the second portion of this lecture takes a more indepth look at the changing environment of globalization and knowledge economy. Five dimensions of globalization are addressed. These include: the academic debate, normative, political debate, themes, what is globalization?, and globalization and the higher education preview.