Spurring rural economy and productivity through cooperatives in the face of globalization and technology revolution
2003
Ogbinar, A.O.
Experiences 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.
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