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glocalization 

Describes the notion that technological advances (telephony, internet, air travel, etc.) have effectively decreased perceived distance between people such that one's social network can be global and feel local.
I thought when my sister moved to the East coast for college that we'd lose contact, but since we IM every day and talk on the cell phone, it's like she still lives in the house.

That's glocalization, dude!
glocalization by Matthew Lake April 22, 2006
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Glocalization 

Running a business according to both local and global considerations.
Think global, act local?... that´s glocalization to me.
Glocalization by rperazag August 5, 2010

globalization

In a nutshell, the integration and exchange of ideas and goods globally. Hence the name, globalization. It benefits the middle class and especially the rich and powerful, but has hurt the poor and powerless.
Question: What Is The Truest Definition Of Globalization?

Answer: Princess Diana's death.

Question: How come?

Answer: An English princess with an Egyptian boyfriend crashes in a French tunnel, while in a German car with a Dutch engine, driven by a Belgian who was drunk on Scottish whisky, followed closely by Italian Paparazzi on Japanese motorcycles; treated by an American doctor using Brazilian medicines.

This is sent to you by an American, using Bill Gates's technology, and you're probably reading this on a computer that uses Taiwanese chips, and a Korean monitor, assembled by Bangladeshi workers in a Singapore plant, transported by Indian lorry-drivers, hijacked by Indonesians, unloaded by Sicilian longshoremen, and trucked to you by Mexican illegals.
globalization by a5678 April 11, 2005

globalization

Globalization is the inter-dependence of nations on one anothers' goods, resulting in a global economy. One may argue that such has occurred since civilization began, with the thing we know as commerce, but that is more wrong than right.

There are perks of globalization, such as:
- The ability to travel internationally easier.
- A wide variety of goods, differing in quality and price dramatically.
- Forced peace between inter-dependent nations, which results in less war.
- More universal measurement, arithmetic, and language, making it easier for people to communicate internationally.

Of course, globalization has serious draw-backs, too:
- If one economy declines, the rest do, too. This is much like a farmer using one variant of one crop, which will result in the destruction of most of his crop, if a bad disease hits.
- If a universal currency is not used, some, smaller nations will have disadvantages in trade.
- If one nation so chooses to withdraw from the global economy, the entire thing could collapse.
- Those countries that offer less valuable products than others will get fucked over.
- The richer nations profit more than the smaller ones.
I, personally, do not advocate globalization.
globalization by Amerikaner August 25, 2006

localization 

The act of making a product suitable for a culture foreign to its native region. For example, translating and recasting the voices of characters in an anime to English. This can also include some other modifications, such as changing a play on words or a common idiom native to the original region that wouldn't make sense in a foreign language, or even censorship of certain images and actions like removing a cigar from a character or replacing piles of bones with loaves of bread.
The Japanese and Korean localization of League of Legends excluded Graves' cigar because depictions of smoking would bump the rating of the game to 17+, making it inconsistent with the American version's rating.

The American English localization of the hit new game "Britain's Bikini Battlers" removed the "u" from color, flavor, behavior, harbor, honor, humor, labor, neighbor, rumor, splendor, favor, endeavor, clamor, glamor, valor, vapor... well, you get the picture. Also, they replaced the word "arse" with "ass" and got rid of the joke about Tories running through wheat fields.
localization by ThisisJacksonMissi February 22, 2020

globalisation 

Economic interdependence between different countries and their organisations. Something that has been around for hundred of years...
x thousand American IT jobs were outsourced to India in the last year.
globalisation by fasdg November 21, 2003