NEW YORK, 21 December (Department of Economic and Social Affairs) — The United Nations General Assembly has declared 2012 as the International Year of Cooperatives, highlighting the contribution of cooperatives to socio-economic development. In adopting resolution 64/136 on 18 December, the Assembly noted that cooperatives impact poverty reduction, employment generation and social integration.
A cooperative is an autonomous voluntary association of people who unite to meet common economic, social and cultural needs and aspirations, through a jointly owned and democratically controlled enterprise. In general, they contribute to socio-economic development.
As self-help organizations that meet the needs of their members, cooperatives assist in generating employment and incomes throughout local communities. Cooperatives provide opportunities for social inclusion. In the informal economy, workers have formed shared service cooperatives and associations to assist in their self-employment. In rural areas, savings and credit cooperatives provide access to banking services that are lacking in many communities and finance the formation of small and micro businesses, promotes inclusive finance.
The cooperative sector worldwide has about 800 million members in over 100 countries and is estimated to account for more than 100 million jobs around the world. The strength and reach of cooperatives are illustrated in the following examples […]
International Years are declared by the United Nations to draw attention to major issues and encourage action. […]
Source: United Nations Declares 2012 International Year of Cooperatives
Department of Public Information • News and Media Division • New York
Address : http://www.un.org/News/Press/docs/2009/dev2784.doc.htm
Date Visited: Tue Dec 13 2011 11:40:27 GMT+0100 (CET)
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