what is the difference between globalization and glocalization 
globalization is the spread of products ideas and capital across international borders by corporations one criticism of globalization is that it can result in the homogenization of cultures and consumers around the world glocalization pays attention to local practices customs and culture to have these products better fit regional wants and needs the bottom lineglocalization efforts have produced mixed results for the larger economy in making global companies more effective competitors against domestic players glocalization should increase the quality of competition and drive down prices making goods more accessible however since glocalization is generally the practice of large multinational corporations driving the price down and taking a big share of the market the process can hurt smaller local businesses which struggle to compete with these corporations low costs of production this can result in less competition with the result of driving prices up 3