What is the meaning of glocalization?

Table of Contents:

1. What is the meaning of glocalization?
2. What is the process of glocalization?
3. What is Glocalisation in geography?
4. Why is glocalization important?
5. What are the negative impacts of globalization?
6. What are the negative impacts of Globalisation in India?
7. What are the positive and negative impacts of Globalisation on Indian economy?
8. How does technology affect globalization?
9. What is technology in globalization?
10. Is globalization possible without technology?
11. What are some non examples of globalization?
12. How does technology speed up Globalisation?
13. What are the types of globalization?
14. What are main features of globalization?
15. What are the two features of Globalisation?
16. What has caused Globalisation?
17. What is impact of globalization?
18. How do TNCs promote Globalisation?
19. Is Coca Cola a TNC?

What is the meaning of glocalization?

Glocalization is a combination of the words "globalization" and "localization." The term is used to describe a product or service that is developed and distributed globally but is also adjusted to accommodate the user or consumer in a local market.

What is the process of glocalization?

"Glocalization" is an historical process whereby localities develop direct economic and cultural relationships to the global system through information technologies, bypassing and subverting traditional power hierarchies like national governments and markets.

What is Glocalisation in geography?

Glocalisation: The adaptation of a global product for a local market place. The word comes from an amalgamation of the words globalisation and localisation. Globalisation: The spread of economic, cultural and social ideas across the world.

Why is glocalization important?

Glocalization is a big investment but it will pay great dividends. It will give companies wider access to a bigger target market in different cultures. ... A local event can impact the global market in the same manner that a global event can have a big relevance to the economy of the local market.

What are the negative impacts of globalization?

Many critics have also pointed out that globalization has negative effects on the environment. Thus, the massive development of transport that has been the basis of globalization is also responsible for serious environmental problems such as greenhouse gas emissions, global warming or air pollution.

What are the negative impacts of Globalisation in India?

There are some negative impact of globalization such as this process made disparity between rural and urban Indian joblessness, growth of slum capitals and threat of terrorist activities. Globalization increased competition in the Indian market between the foreign companies and domestic companies.

What are the positive and negative impacts of Globalisation on Indian economy?

The positive impact of globalisation in India has been tremendous. Greater competition among producers resulting from Globalisation is a great advantage to consumers as there is greater choice before them. Consumers now enjoy improved quality and lower prices for several products.

How does technology affect globalization?

Technology is the vital force in the modern form of business globalization. ... Technology has helped us in overcoming the major hurdles of globalization and international trade such as trade barrier, lack of common ethical standard, transportation cost and delay in information exchange, thereby changing the market place.

What is technology in globalization?

Technological globalization is speeded in large part by technological diffusion, the spread of technology across borders. ... In addition, technological advances in areas like mobile phones can lead to competition, lowered prices, and concurrent improvements in related areas such as mobile banking and information sharing.

Is globalization possible without technology?

Without these technological advancements globalization would not be made possible or even achieved As the K-Wave shows the types of technologic advances at different stages of industrialization and there economic impact that all began in the late 18th century.

What are some non examples of globalization?

Answer:

• Social movements contrary to neoliberal policies.
• Environmental movements.
• Indigenous movements,
• Unionists.
• Anarchists.

How does technology speed up Globalisation?

Technological advancements reduce costs of transportation and communication across nations and thereby facilitate global sourcing of raw materials and other inputs. Patented technology encourages globalization as the firm owning the patent can exploit foreign markets without much competition.

What are the types of globalization?

There are three main classifications of globalisation for the A-level politics student: political, social and economic.

• Political globalisation. Political globalisation refers to the amount of political co-operation that exists between different countries. ...
• Social globalisation. ...
• Economic globalisation.

What are main features of globalization?

Globalisation involves a conscious and active process of expanding business and trade across the borders of all the states. It stands for expanding cross-border facilities and linkages leading to an integration of economic interests and lives of the people living in all parts of the world.

What are the two features of Globalisation?

These are the key features of globalisation:

• all societies have become interconnected.
• international economic integration with global production.
• transnational media systems creating a global culture, global consumerism to create a global village.
• global tourism.
• media imperialism.

What has caused Globalisation?

The world economy has become increasingly interdependent for a long time. However, in recent decades the process of globalisation has accelerated; this is due to a variety of factors, but important ones include improved trade, increased labour and capital mobility and improved technology.

What is impact of globalization?

In general, globalization decreases the cost of manufacturing. This means that companies can offer goods at a lower price to consumers. The average cost of goods is a key aspect that contributes to increases in the standard of living. Consumers also have access to a wider variety of goods.

How do TNCs promote Globalisation?

TNCs are a key driver of globalisation because they have been re-locating manufacturing to countries with relatively lower unit labour costs in order to increase profits and returns for shareholders.

Is Coca Cola a TNC?

Coca-Cola now has 20 main brands that generate over US$45 billion a year in revenue and sales in nearly 200 countries. See map of world which takes you through Coca Cola as a TNC, the spatial organisation, headquarters, research and development, production and evaluation of the social and economic of this TNC.