In: Economics
Your Insight about the topic Glocalization and Filipino Culture and discuss the economic, political, cultural, and social Globalization that Filipinos here and abroad experience.
Glocalization is the adaptation of global and international products, into the local contexts they're used and sold in. A global product or service, something everyone needs and can get used out of, may be tailored to conform with local laws, customs, or consumer preferences. Products that are "glocalized" are, by definition, going to be of much greater interest to the end user, the person who ends up using the product. This is because while it's something that everyone can use and has use for, as a global product, it's localization makes it more specific to an individual, their context, and their needs.
More recent efforts at measuring globalization were built on the conceptualisation by Keohane and Nye (2000) of three different relevant dimensions of globalization: (1) economic: long distance flows of goods, capital and services as well as information and perceptions that accompany market exchanges, (2) political: the diffusion of government policies internationally, and (3) social: the spread of ideas, information, images, and people (Dreher, 2006).