Globalisation became truly frequented notion of our era. There is wide consent that global processes increase both risks and opportunities for individuals, enterprises as well as whole communities and countries. In spite of this, it is only seldom stated that globalisation involves also numerous local impacts. Indeed, particular manifestations of global processes can be contemplated in concrete localities and polarity between the global and the local is not accurate. The global does include local and globalisation means also the linking of localities. The main objective of this paper consists in the clarification of socioeconomic nexuses between global processes and localities. Taking into consideration recent socioeconomic developments, we are increasingly entitled to talk about the process of glocalisation that involves both global and local aspects. Global and local represent two sides of the same coin and the nature of contemporary time-spatial processes may be better understood by recognizing and analyzing socioeconomic aspects of glocalisation.