After some time, I finally understand what it really means.
In my opinion, "Think Global, Act Local" simply means we must always keep up to date with the world. We have to know from time to time about tecnology, economy, politics and etc.
When we are up to date, we can apply those new things into our country or maybe the place that we stayed. For example, Cyber Cafe might be flourishing in places near campus because internet access is not enough to cater the amount of students. However, if you are about to open a Cyber Cafe near the housing area with quick internet access, I would say is a failure.
Hence, the quote above simply says, whatever you do, adjust the new idea so that it will fit local culture.
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