Spurring rural economy and productivity through cooperatives in the face of globalization and technology revolution

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dc.contributor.authorOgbinar, Antonio O.
dc.date.accessioned2026-09-10T08:29:55Z
dc.date.available2026-09-10T08:29:55Z
dc.date.issued2004-06
dc.descriptionAbstract only
dc.description.abstractExperiences in many developing and developed nations have proven that one of the most effective strategies to attain economic growth and equitable distribution of income and wealth is through cooperatives. In the Philippines, cooperatives play a crucial role in the wake of the current socio-economic trends. The Asian crisis devastated Philippine economy. The current recession in Japan and the US have stunted the country's recovery. The aftermath of the Iraq war, SARS epidemic, and the recent aborted Philippine coup d'etat added instability. Hence, cooperatives as an alternative economic system in the Philippines becomes more relevant today. This paper underscores the following: • Imperatives of cooperatives as a catalyst for local entrepreneurial growth and as a locally-based answer to globalization; • Current status, growth and development, including weaknesses and prospects of Philippine cooperatives; and • Economic significance of cooperatives (in terms of market shares) among selected Asian and European countries. Data from the Cooperative Development Authority (Philippines), World Council of Credit Unions, and Committee for the Promotion and Advancement of Cooperatives (of the United Nations) were analyzed and studied using descriptive statistics. The study made use of time-series data to evaluate the growth and development of Philippine cooperatives. As of December 2002, the Philippines had a total of 64,000 cooperatives. They may not all be successful but they have taken on various businesses - from dairy cooperatives producing fresh cow's milk, to cow fattening co-ops, to banking, weaving, health service, airlines, coffin-making; rice, corn and vegetable farming and retailing; banana, rubber and pineapple planting; media co-ops publishing local newspapers, meat processing, laundry services, overseas contract workers' co-ops, among others. In 1997, the contribution of cooperatives to the country's Gross Domestic Product was 19%. In the same year in Japan, the consumer cooperative movement provided 58,281 full-time and 95,374 part-time jobs. In Europe, cooperatives provided employment to over 5 million individuals in 1996. Germany, in particular, employed 502,700 persons in 1996, up from 487,300 in 1994. These are just some examples of the contribution of cooperatives to employment promotion. Despite external challenges in the political and economic environment (e.g., impact of economic liberalization, democratization, globalization, new trade groupings, etc.), the cooperative movement is convinced that there is a growing potential for cooperative development, and for cooperative renewal, in light of the limitations of the free market like social responsibility and equity, the advantages of decentralization of power, the importance of stakeholder and community involvement in economic and social life, and the growing role of the civil society.
dc.identifier.citationOgbinar, A. O. (2004). Spurring rural economy and productivity through cooperatives in the face of globalization and technology revolution. Journal of Agriculture and Rural Development in the Tropics and Subtropics, Supplement, 80, 261 – 268. https://www.scopus.com/inward/record.uri?eid=2-s2.0-33947592567&partnerID=40&md5=20c2fe6a61dfc3eda016a7a7cb82632b
dc.identifier.issn16138422
dc.identifier.urihttps://lakasa.dmmmsu.edu.ph/handle/123456789/2492
dc.language.isoen
dc.rights.licenseCC BY 4.0
dc.sdgSDG 2
dc.sdgSDG 8
dc.sdgSDG 9
dc.titleSpurring rural economy and productivity through cooperatives in the face of globalization and technology revolution
dc.typeArticle
dcterms.accessRightsOpen access
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