The purpose of the changing space - the shrinking world is to identify how improving information and communications technology and transport as fundamental to all forms of global interaction.
On a sheet of A4 draw a diagram of the internet as you see it - indicate your "home"
One of the key globalisation indices identified by the IB syllabus is the KOF index - you can read about their methods for calculating their global ranking of countries in terms of levels of globalisation and watch the animated map display how spatial patterns of globalisation have changed since 1970.
The syllabus states that you need to be able to describe and evaluate either the KOF index or the AT Kearney index as a measure of global interation. In order to do this it would actually make sense to compare them.