How is economic globalization like the first revolution?

If you are referring to the Industrial Revolution in your
question,  then yes, economic globalization is like the industrial revolution in that it
changes all the rules about economies.  Because it is global, the effect is felt all
over the world just as the industrial revolution spread throughout the known world and
changed how work was done everywhere.   With the globalization of economies, what
happens in one country affects us all which is another huge change because we must sell
our products in a world market where other countries compete with us using their own
product. If Apple builds a better phone which has a device no one else has, all the
phone companies scurry to catch up.  A current example would be the worry over the
economic collapse of Greece affecting stock markets all over the world.  No one country
is isolated from the effects of what is happening in another country changing how
economies must function in a global world just as the industrial revolution changed work
and economies in its time.