This document discusses globalization of rural economies through local governance. It begins by defining key terms like globalization, rural economy, and local governance. It then discusses how globalization and local governance can both positively and negatively impact rural economic development. Questions are raised about whether industrializing agriculture, small business support infrastructure, and foreign direct investment truly benefit farmers and rural communities. The document argues that both globalization and local governance are needed in balance to holistically develop rural areas, suggesting a concept of "glocalization" may be most effective.