Glocalization
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\ˌglō-kə-lə-ˈzā-shən\

Etymology : Glo-of, relating to, or involving the entire world , and Local-Middle English localle, from Late Latin localis, from Latin locus place
Function: noun

1. Process of making make a local product part of the Global market through electronics devices, internet or another communication device.

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Bibliography
1. Cerveza Presidente, a dominican beer that is getting in the global market

(bianny poueriet, 4/12/07)
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