In the past decade, the terms "cyberspace" and "globalization" have become buzzwords of a new generation. And it is probably not surprising that the two have entered the lexicon simultaneously. From its beginning, the Internet heralded a new world order of interconnection and decentralization, while the word "globalization" conjured for many the specter of increasing transnational and supranational governance as well as the growing mobility of persons and capital across geographical boundaries. Thus, both terms have reflected a perception that territorial borders might no longer be as significant as they once were.