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Glocalization or glocalisation (a portmanteau of globalization and localism) is the "simultaneous occurrence of both universalizing and particularizing tendencies in contemporary social, political, and economic systems". [1]
Glocalization is a combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market, causing the products, or results of glocalization, to vary depending on different locations.
"Think globally, act locally" urges people to consider the health of the entire planet and to take action in their own communities and cities. Long before governments began enforcing environmental laws, individuals were coming together to protect habitats and the organisms that live within them.
The two most successful global food and beverage outlets, McDonald's and Starbucks, are American companies often cited as examples of globalization, with over 36,000 [5] and 24,000 locations operating worldwide respectively as of 2015. [6] The Big Mac Index is an informal measure of purchasing power parity among world currencies.
Globalization (North American spelling; also Oxford spelling [UK]) or globalisation (non-Oxford British spelling; see spelling differences) is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide.
An example of the successful use of open sources within communities is the local production of wind turbines. Based on open technologies that are available on the Internet [ 17 ] , local communities in various countries around the world self-organized and assembled wind turbines from scrap materials to power local hospitals, schools or private ...
Also, an instance of glocalization cannot fully be explained by world polity theory. It is a phenomenon by which local values and global cultures converge to create something new. It is a phenomenon by which local values and global cultures converge to create something new.
The more integrated communities become with mainland China, the more prosperity they receive, but most of the advantages go to the various business tycoons and corporate elites, which can be seen as an example of the rise in income inequality in China. [9]