Cooperative businesses provide a new-old model for job growth | Christian Science Monitor

Co-ops worldwide represent much more than hippie grocery stores: They’re a fast-growing way to do business better in fields from finance to agriculture to industry.

By Jessica Reeder, Sharable Magazine

What do coffee growers in Ethiopia, hardware store owners in America, and Basque entrepreneurs have in common? For one thing, many of them belong to cooperatives. By pooling their money and resources, and voting democratically on how those resources will be used, they can compete in business and reinvest the benefits in their communities.

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 1 billion people worldwide are cooperative member-owners. That’s one in five adults over 15 – and it could soon be you.

Read the entire article from the Christian Science Monitor.

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