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    Economics of Happiness-Reaction Paper

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    Dannica Casayas Sariol
    The documentary critiques the negative impacts of globalization, including threats to local cultures and environments from large corporations that have increased in power and influence. It argues globalization has decreased global welfare and pushed some communities to abandon farming. The second half looks at how localization can improve lives by making economies more locally accountable and sustainable, reducing dependence on exports and consumerism in favor of local production. The documentary substantially contributed to sustainability debates by emphasizing cultural implications of globalization and localization as an alternative approach.

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    Economics of Happiness-Reaction Paper

    Uploaded by

    Dannica Casayas Sariol
    307 views1 page
    The documentary critiques the negative impacts of globalization, including threats to local cultures and environments from large corporations that have increased in power and influence. It argues globalization has decreased global welfare and pushed some communities to abandon farming. The second half looks at how localization can improve lives by making economies more locally accountable and sustainable, reducing dependence on exports and consumerism in favor of local production. The documentary substantially contributed to sustainability debates by emphasizing cultural implications of globalization and localization as an alternative approach.

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    Economics of Happiness-reaction Paper

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    The documentary critiques the negative impacts of globalization, including threats to local cultures and environments from large corporations that have increased in power and influence. It argues globalization has decreased global welfare and pushed some communities to abandon farming. The second half looks at how localization can improve lives by making economies more locally accountable and sustainable, reducing dependence on exports and consumerism in favor of local production. The documentary substantially contributed to sustainability debates by emphasizing cultural implications of globalization and localization as an alternative approach.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    307 views1 page

    Economics of Happiness-Reaction Paper

    Uploaded by

    Dannica Casayas Sariol
    The documentary critiques the negative impacts of globalization, including threats to local cultures and environments from large corporations that have increased in power and influence. It argues globalization has decreased global welfare and pushed some communities to abandon farming. The second half looks at how localization can improve lives by making economies more locally accountable and sustainable, reducing dependence on exports and consumerism in favor of local production. The documentary substantially contributed to sustainability debates by emphasizing cultural implications of globalization and localization as an alternative approach.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    “Economics of Happiness” is a documentary film that critiques globalization and the continued

    development of a global culture. The first half of the film describes the ways in which globalization
    threatens cultures, the environment, and people's livelihoods. The film argues that globalization has
    increased the power and influence of large corporations, resulting in a decrease in global welfare. As
    nation after nation fell deeper into poverty, corporations and financial institutions, as well as the
    successors of colonial merchants, found it much easier to extract money, resources, and cheaper labor.
    Transnational corporations are influencing what our children want to buy and what they should care
    about. These corporations have become so large and powerful that they now effectively control
    governments, dictate economic policy, and influence people's opinions and worldviews. The film also
    shows that globalization wastes our natural resources. Encouragement of consumerism jeopardizes the
    planet's ecological fabric. Natural resources are already stretched to their limits due to population
    pressure, and we have an economic system that allows each of us to consume more and more. On the
    other hand, the documentary shows many areas that have suffered from the detrimental effects of
    economic and cultural globalization, including rural communities in India and Peru that have been
    pressured to either modernize their agricultural systems or leave farming altogether.

    The second half looks at how localization can improve people's lives, regenerate cultures, heal the
    world, and make us happier in general. Localization levels the economic playing field that currently
    favors big transnational corporations and banks. It reduces dependence on export markets in favor of
    production for local needs. I've come to realize that we should support local businesses, employment,
    banks, food, and renewable energies. Basically, it is about creating a more responsive and sustainable
    economy by producing what we need closer to home. This does not mean eliminating foreign trade or
    pushing for complete self-reliance; rather, it is about creating a more accountable and sustainable
    economy by producing what we need closer to home. In addition to monetary wealth, “true progress”
    should consider our human social wealth. Localization improves our individual well-being and as
    economic activity declines, we become more connected to the natural environment.

    The entire documentary made a substantial contribution to contemporary sustainability debates


    because of its strong emphasis on the cultural implications of globalization and on localization as a
    possible alternate approach to growth and human well-being. Overall, I found this documentary to be
    enjoyable and worthwhile to watch. The film was presented in an easy-to-understand, concise, and
    engaging manner. It was well-made, and it effectively makes the case for localization.

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