Description
With growing economic inequality and threats to the sustainability of human societies, Koh argues that cooperatives can play an important role in promoting decent work and reducing economic inequality in the twenty-first century and thus urges policy makers to reignite policy discussions on cooperatives.
This book shows how worker cooperatives are uniquely situated to empower low- and middle-wage workers and what governments can do to promote them. Koh clarifies the mechanism by which cooperatives create an upper hand over conventional companies in ‘labor-intensive’ sectors, thereby boosting employment potential. He also explains cooperatives’ wide contribution to the Sustainable Development Goals (SDGs), including the resilience of cooperatives in times of crises and their potential to address the challenges of aging societies. Furthermore, he provides a foundational work on ‘decentralized supporting mechanisms for cooperatives’ based on the analysis of the case of South Korea, where the number of cooperatives increased by 2,000 percent between 2013 and 2023. Lastly, he explains how to use Official Development Assistance (ODA) to support cooperatives in developing countries, especially Private Sector Instruments (PSIs), which were introduced in 2016 by the Development Assistance Committee of the Organization for Economic Cooperation and Development (OECD).
This book will be of interest to researchers in the fields of cooperative management, development economics, and heterodox economics, as well as to policy makers and professionals.
Table of Contents
Introduction
PART I
What is a cooperative?
1 A cooperative is a firm
2 The seven strengths of cooperatives
3 The six types of cooperatives
PART II
Why cooperatives in the twenty-first century?
4 Widening inequality and the importance of decent work
5 The resilience of cooperatives in times of crises
6 The role of cooperatives in supporting aging societies
7 An overview of cooperatives’ contributions to the SDGs
PART III
Scaling up the cooperative movement
8 Promoting cooperatives through decentralized public support mechanisms
9 Digitalizing cooperatives
10 The symbiotic potential between cooperatives and developing countries
The Way Forward
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