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  • Michael H. Shuman

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    The document argues that supporting locally-owned businesses that use local resources sustainably can benefit communities in three key ways: 1) It generates livelihoods for local residents without requiring them to work away from home. 2) It contributes to economic growth by keeping dollars circulating within the local economy rather than being spent on imports. 3) Many local goods are cheaper than imported alternatives. The overall message is that focusing economic activity on local businesses strengthens communities by empowering them to become more self-sufficient and less dependent on distant corporations.

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    The document argues that supporting locally-owned businesses that use local resources sustainably can benefit communities in three key ways: 1) It generates livelihoods for local residents without requiring them to work away from home. 2) It contributes to economic growth by keeping dollars circulating within the local economy rather than being spent on imports. 3) Many local goods are cheaper than imported alternatives. The overall message is that focusing economic activity on local businesses strengthens communities by empowering them to become more self-sufficient and less dependent on distant corporations.

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    4 views7 pages

    Michael H. Shuman

    Uploaded by

    alyssabeacdelosreyes
    The document argues that supporting locally-owned businesses that use local resources sustainably can benefit communities in three key ways: 1) It generates livelihoods for local residents without requiring them to work away from home. 2) It contributes to economic growth by keeping dollars circulating within the local economy rather than being spent on imports. 3) Many local goods are cheaper than imported alternatives. The overall message is that focusing economic activity on local businesses strengthens communities by empowering them to become more self-sufficient and less dependent on distant corporations.

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    of 7

    "GOING LOCAL DOES NOT MEAN WALLING OFF

    THE OUTSIDE WORLD. IT MEANS NURTURING


    LOCALLY OWNED BUSINESSES WHICH USE
    LOCAL RESOURCES SUSTAINABLY, EMPLOY
    LOCAL WORKERS AT DECENT WAGES AND SERVE
    PRIMARILY LOCAL CONSUMERS. IT MEANS
    BECOMING MORE SELF-SUFFICIENT AND LESS
    DEPENDENT ON IMPORTS. CONTROL MOVES FROM
    THE BOARDROOMS OF DISTANT CORPORATIONS
    AND BACK INTO THE COMMUNITY WHERE IT
    BELONGS.”

    —MICHAEL H. SHUMAN
    Why should we
    #SUPPORTLOCal
    PRODUCTS MADE BY FILIPINOS
    1. SUPPORTING LOCAL GENERATES LIVELIHOOD
    FOR LOCAL RESIDENTS WITHOUT HAVING TO
    WORK AWAY FROM THEIR HOMES.

    Gooze, Hannah. (2016). Sustainable Livelihood Program (SLP) of Philippines: Linking Cash Transfer to
    Sustainable Livelihood Development. [Photo]. Social Protection Org.
    2. SUPPORTING LOCAL CONTRIBUTES TO ECONOMIC
    GROWTH.

    (Data from Philippine Statistics Authority)

    “WE SPEND DOLLARS WHEN WE IMPORT, EARN DOLLARS WHEN WE


    EXPORT. WE IMPORT MORE THAN WE EXPORT“ (CHANCO, B.).
    3. MANY LOCAL GOODS ARE CHEAPER IN PRICE.

    [Infographics from ECompareMo] [Photo from Go Baquio Website]


    HOW CAN WE IDENTIFY LOCAL PRODUCTS?

    11.. READ THE LABEL


    2. LOOK AT THE BRAND
    2.
    3. ANALYZE THE TYPE OF PRODUCT
    3.
    REFERENCES:

    CHANCO, B. (2022). STRONG DOLLAR, NOT WEAK PESO.


    PHILSTAR.COM.

    SHUMAN, MICHAEL H. (2020). GOING LOCAL: CREATING SELF-RELIANT


    COMMUNITIES IN A GLOBAL AGE.

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