Question

Sone activist argue that local economies can be superior to globalized economies because they:

Answer 1

Recently, within the current globalized world, a movement for the support of local economies in opposition to globalized ones, has emerged.

Local economies give priority to local labor and to the commercialization of the products elaborated in the local markets. Therefore, the wealth generated stays in the community and its vitality is preserved. Moreover, if economic activities take place at the local level, a greater diversity is ensured worldwide, instead of a moving towards a global standarization. Also, local economies are more likely to care about qualitative apart from quantitative terms, as those who perform the transactions also experience their consequences directly.