Glocalization is an artificial word combining Globalization and Localization. It is a practice of conducting business according to both local and global considerations. The process allows integration of local markets into world markets in a business context. 
The concept can be transferred into a public sector context in the way that local levels of government need to be considered in higher-level policies.
 Oxford Dictionary (2018), Glocalization, https://en.oxforddictionaries.com/definition/glocalization, retrieved February 12, 2018.
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