Final answer:
The recruitment strategy by which a company hires nationals of the country where its branch is located is called Localized Recruitment.
Step-by-step explanation:
When a firm adopts a strategy of limiting recruitment to the nationals of the host country where a branch is located, this strategy is referred to as Localized Recruitment. This type of recruitment policy allows the company to integrate into the local business environment, often beneficial in terms of public relations, legal compliance, and cultural fluency. It is also a response to the societal impact of globalization, which often includes the loss of local jobs due to operations moving abroad for cheaper labor and looser regulations.