The Economics of Happiness Film Reflection and Paragraph

Response
1. Make a point form list of ways that the indigenous people of Ladakh, India have been impacted by
globalization.
- Inequalities have increased - Depression - Increase Pollution
- Way of life has been diminished - Economic Pressures - Increase in unemployment
- Lack of identity - Increase in competition - Violence/Terrorism

2. Complete the chart with the 8 Inconvenient Truths about Globalization and a point form list description of each.
Inconvenient Truth
1. Globalization Makes us Unhappy
2. Globalization breeds insecurity
3. Globalization wastes natural resources
Point Form Description
- increase in stress and depression
- material possessions have increased, yet overall happiness has
decreased steadily since the 1960s
-Keeping up with the Joneses
- Creates loneliness
- corporations raise kids
- makes individuals feel inferior to the images and identity that the
media/corporation sets as the best.
- marginalizes the majority of the world
- creating monocultures based on western ideals/culture
- Transporting goods all over the world uses huge amounts of energy.
- Urbanization actually increases ones ecological footprint.

- Hidden food subsidies make foreign food/products cheaper than local

4. Globalization accelerates climate change goods.

- Small farmers are being forced to urbanize and become part of the
5. Globalization destroys livelihoods cheap labour of corporate factories in big cities.
- Mechanization actually decreases the amount of jobs, which
increases competition.

- increase gap between rich and poor

6.Globalization increases conflict
7. Globalization is built on handouts to big
Businesses
- increase in competition
- increases the conflict between the government and the people.
- terrorism increases between groups.
- promotes one worldview
- subsidies to conventional fossil fuel based industry.
-deregulation on banks and trade

- GDP includes all economic activity, positive or negative.

8. Globalization is based on false accounting -
3. In paragraph form, explain how localization can be looked at as a global movement for the future to alleviate the
negative social and environmental impacts of globalization.

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