Globalization and Glocalization

Globalization became the buzz-word of our era. Interestingly, it is stated only seldom that globalization involves numerous local impacts. Indeed, particular manifestations of global processes can be contemplated in concrete localities and polarity between the global and the local is not accurate. The main objective of this article is to discuss the socioeconomic nexuses between global processes and localities. Taking into account contemporary socioeconomic developments, we are increasingly entitled to talk about the process of glocalization that involves both global and local aspects. Global and local represent two sides of the same coin and the nature of contemporary spatio-temporal processes may be better understood by recognizing and analyzing socioeconomic aspects of glocalization.