You are correct that I refer to the second one. As I noted earlier, it's a terrible term because it is far too broad, encompassing everything from cross-cultural exchange, to international trade, to economic exploitation, to a rather narrow neo-liberal free market ethos. Peronally I find the neo-liberal economic aspect to be rather uninteresting if for no other reason than its narrow timeframe and myopic conceptualization of the world. The other aspects are far richer and have a wonderful history which I would like to explore. Hell, even some of the more economic aspects of globalization have historical precedent from forcing open markets, to labor differentials, to social systems based almost entirely on trade.

Ok, really this is just a convenient excuse for me to write about historical precedent to modern trends by manipulating a poorly defined term, but it's more fun this way