Contribution of the Social and Solidarity Economy and of Social Finance to the Future of Work
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PRINT-ENG-FINAL COVERi.pdf 1 12.03.20 15:32 THE CONTRIBUTION OF THE SOCIAL AND SOLIDARITY ECONOMY AND SOCIAL FINANCE TO THE FUTURE OF WORK Bénédicte Fonteneau and Ignace Pollet THE CONTRIBUTION OF SOCIAL AND SOLIDARITY ECONOMY FINANCE TO FUTURE WORK ISBN 978-92-2030855-4 ILO 9 789220 308554 The Contribution of the Social and Solidarity Economy and Social Finance to the Future of Work The Contribution of the Social and Solidarity Economy and Social Finance to the Future of Work Bénédicte Fonteneau and Ignace Pollet (Editors) with Youssef Alaoui Solaimani, Eric Bidet, Hyunsik Eum, Aminata Tooli Fall, Benjamin R. Quiñones and Mirta Vuotto Copyright © International Labour Organization 2019 Publications of the International Labour Office enjoy copyright under Protocol 2 of the Universal Copyright Convention. Nevertheless, short excerpts from them may be reproduced without authorization, on condition that the source is indicated. For rights of reproduc- tion or translation, application should be made to ILO Publications (Rights and Licensing), International Labour Office, CH-1211 Geneva 22, Switzerland, or by email: [email protected]. The International Labour Office welcomes such applications. Libraries, institutions and other users registered with a reproduction rights organization may make copies in accordance with the licences issued to them for this purpose. Visit www.ifrro. org to find the reproduction rights organization in your country. The contribution of the social and solidarity economy and social finance to the future of work International Labour Office, Geneva, 2019 ISBN: 978-92-2-030855-4 (print) ISBN: 978-92-2-030856-1 (web pdf) Also available in French: La contribution de l'économie sociale et solidaire et de la finance solidaire à l’avenir du travail, ISBN: 978-92-2-030950-6 (print); ISBN: 978-92-2-030951-3 (web pdf), Geneva, 2019. ILO Cataloguing in Publication Data The designations employed in ILO publications, which are in conformity with United Nations practice, and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the International Labour Office concerning the legal status of any country, area or territory or of its authorities, or concerning the delimitation of its frontiers. The responsibility for opinions expressed in signed articles, studies and other contributions rests solely with their authors, and publication does not constitute an endorsement by the International Labour Office of the opinions expressed in them. Reference to names of firms and commercial products and processes does not imply their endorsement by the International Labour Office, and any failure to mention a particular firm, commercial product or process is not a sign of disapproval. Information on ILO publications and digital products can be found at: www.ilo.org/publns. This publication was produced by the Document and Publications Production, Printing and Distribution Branch (PRODOC) of the ILO. Graphic and typographic design, layout and composition, printing, electronic publishing and distribution. PRODOC endeavours to use paper sourced from forests managed in an environmentally sustainable and socially responsible manner. Code: SCR-REP CONTENTS Acknowledgements. vii Foreword. ix List of abbreviations. xi Executive summary . xiii 1. Introduction . 1 2. Research questions . 3 3. Methodology . 5 3.1. Selection of case studies. 6 3.2. Overview of selected case studies . 7 3.3. Methodology and level of analysis . 7 3.4. Limitations of the study . 8 4. The Social and Solidarity Economy . 9 4.1. Terminology issues . 10 4.2. Concept(s) and theoretical background. 11 4.3. Institutional and legal frameworks . 14 4.3.1. Legal recognition . 14 4.3.2. Institutional frameworks . 16 4.3.3. Relevance of SSE policies for employment . 16 4.4. Emerging initiatives challenging the frontiers of the SSE: the collaborative economy. 18 5. Contribution of the SSE to job creation . 21 5.1. Creating and improving economic activities and jobs . 23 5.2. Opening employment opportunities for vulnerable groups. 24 5.3. Creating sustainable and decent jobs. 28 5.4. Supporting the transition process from the informal to the formal economy . 30 5.5. Conclusions. 32 6. Contribution of the SSE to organization of work and production. 35 6.1. Strengthening autonomous economic units through networking. 37 6.2. Facing the markets. 39 6.3. Conclusions. 41 7. Contribution of the SSE to governance and participation . 43 7.1. Choosing self-management and absence of hierarchy . 45 7.2. Participation as a continuous learning process. 46 7.3. Supporting political agendas . 47 7.4. With or without the social partners? . 47 7.5. Conclusions . 48 vii The Contribution of the Social and Solidarity Economy and Social Finance to the Future of Work 8. Contribution of the SSE to work and society. 51 8.1. Rediscovering the meaning of work. 52 8.2. Better balance between work life and private life. 53 8.3. Introducing effective innovations to respond to major societal issues. 54 8.4. Creating SSE ecosystems . 56 8.5. Conclusions. 56 9. Traditional sources of SSE financing . 57 9.1. Selling on markets . 58 9.2. Partnerships with the for-profit private sector . 59 9.3. Getting public subsidies . 59 9.4. Borrowing from cooperative banking institutions . 60 9.5. Conclusions. 61 10. Innovative financing mechanisms for the SSE. 63 10.1. Complementary currency . 64 10.2. Crowdfunding. 66 Social enterprises running a crowdfunding platform . 66 Worker cooperatives using crowdfunding as ad-hoc financing mechanisms . 67 10.3. Social Impact Bonds. 68 Buzinezzclub as service provider. 68 Municipalities as outcome funders . 69 Private investors . 69 Independent knowledge centres . 70 10.4. Flat-rate through partnership with social security system . 71 10.5. Conclusions . 73 11. Conclusions. 75 SSE responses to global trends affecting the world of work . 76 The SSE’s contribution to the future of work. 78 (Re)embedding economic activities in local social systems. 78 Organizing economic actors and facilitating transition to a more formalized social status . 78 Participatory governance and renewed social dialogue . 79 Searching for sustainable economic performance while focusing on social purposes. 79 Finding meaningfulness in work. 79 Foreshadowing the network society . 80 A policy instrument and a policy partner. 80 Common bonds through new finance models . ..