Translocality on the real estate market: A new extended approach
Radoslaw Wisniewski and
Land Use Policy, 2020, vol. 97, issue C
Growing levels of socio-economic development around the world have induced globalisation processes that generally diminish the role of local communities and local processes. However, the intensification of global processes has led to an unexpected turn towards locality. This process is referred to as glocalisation. Globalisation leads to the generalisation of locality (universalisation), and glocalisation processes localise globality (indigenisation). Globalisation and glocalisation are integrated through translocality which supports evaluations of the co-existence of both processes. This study proposes a general concept of translocality (TR) and a methodology for measuring translocality (MTR). In this approach, translocality reflects the degree of tension/adaptation between globalisation and glocalisation. The results of the study indicate that translocal processes on regional markets in Poland proceed gradually, and that they are accompanied by the emergence of convergence clubs of translocal regions and the progressing inter-regional stratification in translocality levels.
Keywords: Translocality; Real estate market; Locality; Globality; Globalisation; Glocalisation (search for similar items in EconPapers)
JEL-codes: F60 F69 R10 R30 R31 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:lauspo:v:97:y:2020:i:c:s0264837719312694
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