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glocalization

noun [U] (UK usually glocalisation) /ˌɡləʊ.kəl.aɪˈzeɪ.ʃən/ US  /ˌɡloʊ.kəl.ɪ-/

Definition

the idea that in globalization local conditions must be considered: Our policy of glocalization means that our products are always adapted to specific markets.Business and commerce - general words
(Definition of glocalization noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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