Topic > Money and power do not bring happiness - 4144

AbstractDo people living in more developed and richer countries find more happiness than people living in less developed countries? This article analyzes happiness outcomes between two groups of countries that are on opposite sides of the industrialization and democratization scale. The results show that people between the two groups of countries are equally happy. It also shows that people in both groups of countries are equally likely to be happy when they find things like family or friends important. As it turns out, happiness has little to do with a country's GDP or asset income. In the second part of the study, happiness does not change much as a country industrializes. The author explores the point of industrialization and democratization as one of the main goals of government should be the happiness of its people. Literature Review It is a generally accepted idea that when countries industrialize, the living conditions of everyone in the country improve, especially the rural poor. Britain was the first country to industrialize over a century ago, now any country wishing to follow the British example must resort to greater state intervention. Resources and workers must be moved from rural agriculture to urban life in factories. This theory is known as the Gerschenkronian collective dillema and suggests that countries should want to industrialize and do so quickly with government coercion. In addition to greater state intervention in domestic markets, industrialization also includes the opening of national markets to free international trade. Theories introduced centuries ago by Adam Smith and other neoclassical economists assert that countries will be able to increase wealth and gross income... middle of paper... Gandhi. This speech reflects some of Gandhi's own views, such as the lack of need for material objects. Overall, this speech illuminates the idea that people must find inner happiness and rely less on the material world around them to survive. http://www.prosperity.com/#!/ (prosperity index) This post talks about the different countries they have analyzed over the years. They use a “prosperity index” from the Legatum Institute to understand and rank different countries around the world. This index ranks countries based on economy, health, personal freedom, etc. The index shows that small countries like Norway can be small and not as developed but have very happy people. This proves that happiness is not achieved by working more hours but by spending more hours with close friends and family. http://www.worldvaluessurvey.org/wvs.jsp