The United Nations has named 2012 as the International Year of Cooperatives, and indeed, co-ops seem poised to become a dominant business model around the world. Today, nearly one billion people worldwide are cooperative member-owners. In Ethiopia, cooperation helps women and men rise above poverty. In Germany, half of renewable energy is owned by citizens. In America, 93 million credit union member-owners control $920 billion in assets. And in Basque Country, a 50-year-old worker co-op has grown to become a multinational, cooperative corporation. Founded in 1956 ... Mondragón is the world's largest cooperative, and Spain's seventh largest business. Mondragón has operations in 19 countries and employs 83,000 worker-owners. Yet for every international job the company creates, it employs two people in Spain. The UN ... in 2012 will dedicate its efforts to raising awareness of co-ops, helping them grow and influencing governments to support them legislatively. Thirty percent of Americans belong to cooperatively-owned credit unions, the largest of which serves 3.4 million Department of Defense employees and has $45 billion in assets. "Cooperatives ... promote the fullest possible participation in the economic and social development of all people. [They] are becoming a major factor of economic and social development and contribute to the eradication of poverty." - UN Resolution 64/136, 2010. The cooperative model is expected to be the world's fastest-growing business model by 2025. UN Secretary General Ban-Ki Moon [says] "Cooperatives are a reminder to the international community that it is possible to pursue both economic viability and social responsibility."
Latest
Latest News
Each news summary is created according to strict standards. Here's how we do it.
Each summary is created using a consistent editorial procedure. The target length is approximately 16 lines of 11-point Arial text in a 650-pixel-wide column. Up to 25% of a summary may be set in bold to emphasize the most important ideas. Summaries are composed of verbatim excerpts presented in the same sequence as they appear in the original news source, with very minor editorial additions. Where material has been omitted between excerpts, the omission is indicated with ellipses (...). Any words added by an editor for clarity or context appear in [brackets]. Our original news editor was Fred Burks. Tod Fletcher edited most summaries from 2007 through 2014, and Mark Bailey has served as news editor since 2014.