The authors consider a key aspect of globalization, i.e. peculiarities of emergence of so called «glocal» territorial formations that are by far more integrated into the world economy than they are integrated in a national economy. It is noted that this trend will inevitably affect Russia. Thus the trend is to be taken into account in the long-term strategy of economic development right now. It is stated that as of now such strategy is virtually non-existent. The authors provide substantiation to the thesis that a balanced and progressive advance of Russia cannot be based exclusively on knowledge-intensive branches. The authors offer their definition of branches that can accumulate a considerable part of population under circumstances of economic activity liberalization and a drastic aggravation of international competition. Tourism which is the basis of social and economic development of many local formations (regions) as well as of states and has a powerful multiplicative effect on development of a number of related sectors is explored as one of such branches.