Wednesday, December 14, 2011

2012: The Year of Cooperatives

The International Labor Office (ILO) created this video in response the United Nations General Assembly proclaiming 2012 to be the year of cooperatives.

http://www.youtube.com/watch?v=KALLFDpuHUE

Cooperatives are a great way of promoting and enhancing the standards of living of millions of people around the world.  Cooperatives are owned by the customers and employees and secure the livelihoods of nearly a quarter of the world's population.  The great thing about them is that it allows control of the company to not be lodged purely with a CEO or board of directors, but rather with the backbone of the company (the workers) and the customers.  The active involvement of the community creates an environment conducive to creating jobs, empowering people, and alleviating poverty, especially during times of crisis.

More information on the ILO and cooperatives can be found at:
http://www.ilo.org/global/topics/employment-promotion/cooperatives/lang--en/index.htm

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