Editing Glocalization (section)

{{Short description|Portmanteau of globalization and localism}}
{{Translation navbox}}'''Glocalization''' or '''glocalisation''' (a [[portmanteau]] of ''[[globalization]]'' and ''[[Localism (politics)|localism]]'') is the "simultaneous occurrence of both universalizing and particularizing tendencies in contemporary social, political, and economic systems".<ref name="Glocalization">{{Cite encyclopedia|url=https://www.britannica.com/topic/glocalization|title=Glocalization|encyclopedia=Encyclopedia Britannica|access-date=2018-03-10}}</ref> The concept comes from the Japanese word '''''dochakuka''''' and "represents a challenge to simplistic conceptions of globalization processes as linear expansions of territorial scales. Glocalization indicates that the growing importance of continental and global levels is occurring together with the increasing salience of local and regional levels."<ref name="Glocalization"/>

The adjective '''glocal''' means "reflecting or characterized by both local and global considerations".<ref>{{Cite web|url=https://en.oxforddictionaries.com/definition/glocal|archive-url=https://web.archive.org/web/20180408210057/https://en.oxforddictionaries.com/definition/glocal|url-status=dead|archive-date=April 8, 2018|title=glocal {{!}} Definition of glocal in English by Oxford Dictionaries|website=Oxford Dictionaries {{!}} English|access-date=2018-03-10}}</ref> The term "glocal management" in a sense of "think globally, act locally" is used in the business strategies of companies, in particular by Japanese companies that are expanding overseas.<ref>{{Cite book|title=Encyclopedia of the City|last=Caves|first=R. W.|publisher=Routledge|year=2004|pages=307}}</ref>