Select an example for the glocalization of the market.
Answer & explanation
Correct answer: option 1
A central contention is that all cultures will become similar, that is homogeneous due to globalisation. Others argue that there is an increasing tendency towards glocalisation of culture. Glocalisation refers to the mixing of the global with the local. It is not entirely spontaneous. Nor is it entirely delinked from the commercial interests of globalisation.