Wednesday, October 11, 2000

Globalization and happiness go hand in hand. Or do they? This article rationally and systematically explores the links between gloablization and happiness, concluding that not only does globalization bring happiness, but it brings it disproportionately to those who are poorest. It also raises the point that once basic needs are met, people view wealth in relative, not absolute terms, and so everyone starts trying to "keep up with the Joneses." The one issue I have with this article is that it assumes globalization is unstoppable, while the truth is it is not. The turn of the century saw huge strides in international trade that were all but erased after World War I. Thanks to AG for pointing me to this link.

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