Glocalization is the combination of Globalization and Localization.

 

"One is how outward your culture is: To what degree is it open to foreign influences and ideas? How well does it 'glocalize'? The other, more intanglible, is how inward your culture is. By that I mean, to what degree is there a sense of national solidarity and a focus on development, to what degree is there trust within the society for strangers to collaborate together, and to what degree are the elites in the country concerned with the masses and ready to invest at home, or are they indifferent to their own poor and more interested in investing abroad?"