Question

In: Economics

Your Insight about the topic Glocalization and Filipino Culture and discuss the economic, political, cultural, and...

Your Insight about the topic Glocalization and Filipino Culture and discuss the economic, political, cultural, and social Globalization that Filipinos here and abroad experience.

Solutions

Expert Solution

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).


Related Solutions

Your Insight about the topic Globalization and Filipino Culture and discuss the economic, political, cultural, and...
Your Insight about the topic Globalization and Filipino Culture and discuss the economic, political, cultural, and social Globalization that Filipinos here and abroad experience.
Based on your knowledge about regional economic collaboration, cultural issues, and political and economic situation in...
Based on your knowledge about regional economic collaboration, cultural issues, and political and economic situation in Middle East, suggest your ideas for fostering regional economic collaboration in the region. Which country should take a lead? What could be the areas/industries for economic collaboration? How the collaboration could be structured/modeled after (EU, ASEAN, APEC, NAFTA etc.) and why?
in your OWN words - Discuss the different socio, cultural, economic and political factors that shape...
in your OWN words - Discuss the different socio, cultural, economic and political factors that shape accounting standards in countries across the world.  How do these factors determine the primary role of accounting and the purpose of financial reporting in a country?
Cultural and work differences between Argentina and England:  In your answer include economic, political, social, and cultural...
Cultural and work differences between Argentina and England:  In your answer include economic, political, social, and cultural differences.
Discuss the Political, Economic, Cultural and Technological challenges you envisage in entering the international market for...
Discuss the Political, Economic, Cultural and Technological challenges you envisage in entering the international market for footwear AND which of those challenges would have the biggest effect on sales.
Topic 10c: Cultural Issues Describe a specific aspect of the culture of your organization (e.g., communications,...
Topic 10c: Cultural Issues Describe a specific aspect of the culture of your organization (e.g., communications, HR policies, etc.) that you think is a positive or negative contributor to the overall performance of the organization. Explain your selection.
What is YOUR insight about MICROECONOMICS IN MARKETING?
What is YOUR insight about MICROECONOMICS IN MARKETING?
What is YOUR insight about MACROECONOMICS IN MARKETING?
What is YOUR insight about MACROECONOMICS IN MARKETING?
Subject: Political Science- Given all of the social, cultural, educational, political, economic and public health issues...
Subject: Political Science- Given all of the social, cultural, educational, political, economic and public health issues in the country, how can we save and preserve american democracy?
How will COVID-19 influence Global Political, Economic and socio-cultural environment?
How will COVID-19 influence Global Political, Economic and socio-cultural environment?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT