Describe culture in terms of localized social relations and why such social relations are considered to be a fundamental social capital for regions throughout the world. In the answer you have to construct the argument starting with the notion of culture as a bundle of territorialized social relationships. The second step is to reflect on the idea that the nature of such social relationships (virtuous or vicious) is an asset in contemporary capitalism (why is that?). Third you should explain global competitiveness in terms of localized social relationships.