Increased pace of life and overcoming of spatial barriers, through communication and transportation technology, resulting in apparent shrinking of time to the present and globe to a single space, altering everyday experience of social relations and awareness of global interdependence. Cf. D. Harvey, The Condition of Postmodernity, 1990, p. 240.

David Harvey's term to indicate the ways in which various processes including technological change have speeded up processes of capital accumulation.