Globalization and new public management reform impel the transition of local governance.

全球化浪潮和新公共管理运动促进了地方治理的转型。

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Because of globalization, the risk we face today is of a worldwide collapse, not just a local tragedy.

由于全球化，我们今天面临的危险是一个全世界的崩溃，而不仅仅是一种当地悲剧。

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With the development of globalization, local industrial networks characterized by geographical agglomeration of economic activities are being embedded in global value chain.

伴随着全球化的深入，以经济活动的地理集聚为特征的地方产业网络，正逐渐嵌入全球价值链。

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Far from menacing local cultures, as some fear, globalization has, by his accounting, been good for cultural diversity.

NEWYORKER: After America

The ugly side of globalization is when nations and local communities begin to blame the one another for the vicious cycle of income and employment losses.

FORBES: Can G20 Save the World from the Ugly Side of Globalization?

This means that an international business must pursue a globalization and a localization leadership at the same time, a globalization leadership for the global characteristics of the bundle and a localization leadership for the local characteristics of its bundle.

FORBES: Two Misplaced Debates In Business Strategy