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GENEVA – The economic contribution of co-operatives is often undervalued, if not completely ignored. But the reality is that the top 300 co-operatives workers’ worldwide have a turnover of more than US$ 1.9 trillion combined, which is more than the GDP of Italy. In Quebec, co-operatives are responding to the needs of the labor market […]
ILO News– Financial co-operatives out-performed traditional investor-owned banks during the global financial crisis on almost every rating level, according to a new International Labour Organization study. The study, titled Resilience in a downturn: The power of financial co-operatives, says customer-owned banks were much more stable and more efficient than the big traditional banks. “Financial co-operative” is […]
Continue reading …ILO News– There are few jobs to be had in the depressed Mexican town of Fronteras. So the “tough women” – as they are now known – have taken matters into their own hands, turning junk into a successful enterprise. Their co-operative near the US border is often cited as an example of determined entrepreneurship […]
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