DOCSLIB.ORG

Tfc Francisco Sanz Molina

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Tfc Francisco Sanz Molina CORPORATE SOCIAL RESPONSIBILITY AND THE FINANCIAL REGULATORY REFORM: THE CASE STUDY OF COBANK, ACB Written by: Francisco Sanz Molina Directed by: Elies Seguí Mas Facultat d’Administració i Direcció d’Empreses Universitat Politècnica de València Index 3 INDEX 1. Summary ........................................................................................................ 14 2. Object and Justification of Subjects Selected ........................................... 16 3. Objectives ..................................................................................................... 20 FIRST PART: EVOLUTION AND CURRENT SITUATION ............... 21 4. THE AMERICAN FINANCIAL SYSTEM: THE FEDERAL RESERVE SYSTEM ................................................................................................ 22 4.1. Definition and characteristics of a financial system .................................. 22 4.2. Financial System: Evolution and development ......................................... 25 4.3. The structure of the federal system .......................................................... 29 4.3.1. The Board of Governors ................................................................... 29 4.3.2. Federal Open Market Committee ..................................................... 30 4.3.3. Federal Reserve District Banks ........................................................ 30 4.3.4. Advisory Committees ....................................................................... 32 4.4. Depository institutions on the U.S. Financial system ................................ 33 4.4.1. Commercial banks industry .............................................................. 34 4.4.2. Federal Farm Credit Banks .............................................................. 35 4.4.3. Government Financial Institutions .................................................... 36 5. THE FARM CREDIT SYSTEM ................................................................ 38 5.1. Cooperative credit origins: Legal and Institutional development ............... 38 5.1.1. Origins .............................................................................................. 38 5.1.2. The early years (1913-1971) ............................................................ 39 5.1.3. The Farm Credit Act and its repercussions (1971-1987) .................. 41 5.1.4. The consolidation of the Farm Credit System .................................. 42 5.2. The Farm Credit System Structure .......................................................... 45 5.2.1. Farm Credit System Overview ....................................................... 45 5.2.2. Regulatory Institutions .................................................................... 47 5.2.2.1. Farm Credit Administration ................................................ 47 5.2.2.2. Farm Credit System Insurance Corporation ...................... 48 5.2.2.3. Farm Credit Council ........................................................... 48 CORPORATE SOCIAL RESPONSIBILITY AND THE FINANCIAL REGULATORY REFORM: THE CASE STUDY OF COBANK, ACB Index 4 5.2.3. The Agent for the System Banks: Federal Farm Credit Banks Funding Corporation ...................................................................... 49 5.2.4. Farm Credit System Banks ............................................................ 49 5.2.4.1. Farm Credit Banks ............................................................. 50 5.2.4.2. Agricultural Credit Banks ................................................... 51 5.2.5. Credit unions and thrift institutions ................................................. 51 5.2.5.1. Saving Banks .................................................................... 51 5.2.5.2. Saving and Loan Associations (S&L) ................................ 52 5.2.5.3. Credit Unions ..................................................................... 52 5.3. Farm Credit System Structure .................................................................. 53 5.3.1. First Level: Primary Customers and their demands ....................... 54 5.3.1.1. Ranchers and Farmers ...................................................... 54 5.3.1.2. Rural Home Owners .......................................................... 55 5.3.1.3. Agribusinesses .................................................................. 55 5.3.1.4. Rural and Agricultural Cooperatives .................................. 55 5.3.2. Second Level: The System Associations ....................................... 57 5.3.3. Third Level: System Banks............................................................. 58 6. CORPORATE SOCIAL RESPONSIBILITY AND PARTICULARITIES ON THE BANKING INDUSTRY ............................................................ 59 6.1. Different Terms and Perception of the CSR ............................................. 59 6.1.1. Corporate social performance and responsiveness ....................... 59 6.1.2. Corporate Sustainability ................................................................. 60 6.1.3. Corporate Social Responsibility (CSR) .......................................... 60 6.1.4. Company Stakeholder Responsibility ............................................. 61 6.1.5. The UK definition of Corporate Social Responsibility ..................... 62 6.1.6. European Union vision of Corporate Social Responsibility ............ 62 6.2. Definition and Trend of Corporate Social Responsibility ........................... 63 6.3. Corporate Social Responsibility Policies and Initiatives ............................ 65 6.3.1. Human resources initiatives ........................................................... 66 6.3.2. Marketing initiatives ........................................................................ 67 6.3.3. Supply chain initiatives ................................................................... 67 6.3.4. Development initiatives .................................................................. 68 CORPORATE SOCIAL RESPONSIBILITY AND THE FINANCIAL REGULATORY REFORM: THE CASE STUDY OF COBANK, ACB Index 5 6.3.5. Environment initiatives ................................................................... 69 6.3.6. Corporate governance ................................................................... 69 6.4. The Emergence of CSR Standards .......................................................... 70 6.5. The Sustainability Report of the GRI ........................................................ 75 6.5.1. Definitions and Characteristics ....................................................... 76 6.5.1.1. Data gathering ................................................................... 76 6.5.1.2. Medium of reporting ........................................................... 77 6.5.1.3. Frequency of reporting ...................................................... 77 6.5.1.4. Application levels ............................................................... 77 6.5.1.5. Sector Supplements for the G3.1 ...................................... 78 6.5.2. Sustainability Report Expansion ..................................................... 79 6.5.3. The Sustainability Report’s Structure ............................................. 81 6.5.3.1. Strategy and profile ........................................................... 81 6.5.3.1.1. Strategy and Analysis ............................................. 81 6.5.3.1.2. Organizational profile .............................................. 82 6.5.3.1.3. Governance, commitments and engagement ......... 83 6.5.3.2. Economic indicators .......................................................... 83 6.5.3.3. Environmental indicators ................................................... 84 6.5.3.4. Social indicators ................................................................ 85 6.5.4. The key changes for the new G4 ................................................... 85 6.6. CSR in the Banking Sector ....................................................................... 86 6.6.1. Evolution of the different rules ........................................................ 86 6.6.2. CSR within Financial Institutions Performance............................... 88 6.6.3. Environmental and Sustainable Banking ........................................ 89 6.6.4. Model of Social Responsible Bank ................................................. 91 6.6.5. Financial Services Sector Supplement on the G3.1 ....................... 92 6.6.6. Specific Sustainable Finance products .......................................... 93 7. THE DEPARTMENT OF TREASURY FINANCIAL REGULATORY REFORM ............................................................................................... 95 7.1. The framework of the Reform ................................................................... 95 7.2. Main points of the financial regulatory reform ........................................... 97 7.2.1. The Fed reinforcement ................................................................... 97 CORPORATE SOCIAL RESPONSIBILITY AND THE FINANCIAL REGULATORY REFORM: THE CASE STUDY OF COBANK, ACB Index 6 7.2.2. Measures for finance firms and markets ........................................ 97 7.2.3. Consumers and investors protection .............................................. 98 7.3. Financial Regulatory Reform influence on the banking sector CSR ......... 99 7.3.1. Society and the Financial Regulatory Reform ................................ 99 7.3.2. Financial Regulatory Reform and Corporate Governance ........... 100 7.3.3.
Load more

Recommended publications
  • For All the People
    Praise for For All the People John Curl has been around the block when it comes to knowing work- ers’ cooperatives. He has been a worker owner. He has argued theory and practice, inside the firms where his labor counts for something more than token control and within the determined, but still small uni- verse where labor rents capital, using it as it sees fit and profitable. So his book, For All the People: The Hidden History of Cooperation, Cooperative Movements, and Communalism in America, reached expectant hands, and an open mind when it arrived in Asheville, NC. Am I disappointed? No, not in the least. Curl blends the three strands of his historical narrative with aplomb, he has, after all, been researching, writing, revising, and editing the text for a spell. Further, I am certain he has been responding to editors and publishers asking this or that. He may have tired, but he did not give up, much inspired, I am certain, by the determination of the women and men he brings to life. Each of his subtitles could have been a book, and has been written about by authors with as many points of ideological view as their titles. Curl sticks pretty close to the narrative line written by worker own- ers, no matter if they came to work every day with a socialist, laborist, anti-Marxist grudge or not. Often in the past, as with today’s worker owners, their firm fails, a dream to manage capital kaput. Yet today, as yesterday, the democratic ideals of hundreds of worker owners support vibrantly profitable businesses.
    [Show full text]
  • Cooperative Education Inventory Study
    Cooperative Education Inventory Study By Eklou Amendah & Christina Clamp Center for Co-operatives & CED Southern New Hampshire University February 2014 Prepared for The Cooperative Foundation Table of Contents I. Introduction ............................................................................................................................................... 5 II. Literature: Assessing the need for cooperative education ....................................................................... 6 III. Overview of Co-op Education Organizational Settings ............................................................................ 8 IV. Methodology ......................................................................................................................................... 10 V. Results ..................................................................................................................................................... 12 VI. Discussion of the Results ....................................................................................................................... 19 VII. Conclusion ............................................................................................................................................. 24 1. Limitations ....................................................................................................................................... 25 2. Future research ..............................................................................................................................
    [Show full text]
  • Principles and Practices in the 21St Century
    A1457 Cooperatives: Principles and practices in the 21st century Kimberly A. Zeuli and Robert Cropp ABOUT THE COVER IMAGE: The “twin pines” is a familiar symbol for cooperatives in the United States.The Cooperative League of the USA, which eventually became the National Cooperative Business Association (NCBA), adopted it as their logo in 1922.The pine tree is an ancient symbol of endurance and immor- tality.The two pines represent mutual cooperation—people helping people. C OOPERATIVES: q Publication notes ii C ont Chapter 1 1 An introduction to cooperatives Chapter 2 5 ents Historical development of cooperatives throughout the world Chapter 3 15 Cooperative history, trends, and laws in the United States Chapter 4 27 Cooperative classification Chapter 5 39 Alternative business models in the United States Chapter 6 49 Cooperative roles, responsibilities, and communication Chapter 7 59 Cooperative financial management Chapter 8 69 Procedures for organizing a cooperative Chapter 9 77 A summary of cooperative benefits and limitations Notes 81 Glossary 85 Cooperative resources 89 PRINCIPLES & PRACTICES IN THE 21ST CENTURY i Kimberly Zeuli and Robert Cropp, Assistant Publication notes Professor and Professor Emeritus in the This publication is the fourth and most extensive Department of Agricultural and Applied revision of the Marvin A. Schaars’ text, Cooperatives, Economics, University of Wisconsin—Madison, Principles and Practices, University of Wisconsin are responsible for all of the editing and most Extension—Madison, Publication A1457, July 1980. of the revised text. The following individuals What has come to be known simply as “the also contributed to various chapters: Schaars book,” was originally written in 1936 by David Erickson, Director of Member Relations, Chris L.
    [Show full text]
  • Legal, Tax & Accounting Conference
    Legal, Tax & Accounting Conference AGENDA AGENDA National Council of Farmer Cooperatives Legal, Tax & Accounting Conference Hilton New Orleans Riverside, LA February 7-9, 2018 WEDNESDAY, FEBRUARY 7 2:00–4:00pm CFO Roundtable Camp Room Moderated by: Joe Werstak, CFO, United Producers, Inc. This informal roundtable session will include discussion of current issues faced by CFOs. Topics will include cybersecurity, human resources challenges, budgeting and more. 6:00–8:00pm Welcome Reception St. Charles Ballroom Attendees and guests are welcome. THURSDAY, FEBRUARY 8 6:30-8:00am Buffet Breakfast Grand Ballrooms C&D 8:30-10:15am LTA Conference Participation in NCFC General Session I Grand Ballrooms A&B Chairman’s Welcome President’s Remarks “Facing New Challenges to Security and Privacy” 10:15am Break 10:30-Noon LTA General Session I Grand Salon A Moderated by: Alan Weinstein, Vice President/Tax, CoBank 10:30-10:50am Welcome and Self Introductions 10:50-12:00pm Tax Reform Implications for Cooperatives Featuring: George Benson, Partner, McDermott Will & Emery Marlis Carson, Sr. Vice President & General Counsel, NCFC Bob Glass, Tax Director, Land O’Lakes, Inc. Eric Krienert, Director, Moss Adams, LLP This session will explore the new Section 199A calculations for both farmers and cooperatives; interest deductibility; expensing; and other tax reform provisions. THURSDAY, FEBRUARY 8—CONTINUED 12:15–1:45pm Industry Relations Luncheon & Awards Program Grand Ballrooms C&D All are welcome to attend Featuring: Chris Stirewalt, Politics Editor, Fox News and Co-host, “I’ll Tell You What” 12:15–1:45pm LTA In-House Luncheons (By invitation only) • CFO Working Group Grand Salon B • In-House General Counsels Marlborough B • Tax Directors Forum Marlborough A 2:00-5:00pm LTA General Session II Grand Salon A Moderated by: David Antoni, Managing Director, KPMG LLP 2:00-3:00pm Cooperative Bylaws and Articles: Top Issues for Your Consideration Featuring: Teree Castanias, CPA Todd Eskelsen, Partner, Schiff Hardin LLP Dan Mott, Shareholder, Fredrikson & Byron, P.A.
    [Show full text]
  • Lenders Participating in PPP by Project State As of 06/25/2020 ALPS FCU AK Academy Bank, National Association AK Alaska USA
    Lenders Participating in PPP by project state as of 06/25/2020 Lender Name Project State ALPS FCU AK Academy Bank, National Association AK Alaska USA FCU AK American Express National Bank AK American State Bank AK Arizona Central CU AK Atlantic Union Bank AK Axos Bank AK BBVA USA AK BMO Harris Bank National Association AK Baker Boyer National Bank AK Banc of California, National Association AK Bank Five Nine AK Bank of America, National Association AK Bank of Charles Town AK Bank of Hope AK Bank of St. Elizabeth AK Bank of the Pacific AK Bank of the West AK Banner Bank AK Belmont Bank & Trust Company AK Black Hills FCU AK Cache Valley Bank AK CapStar Bank AK Capital Community Bank AK Capital One, National Association AK Celtic Bank Corporation AK Centinel Bank of Taos AK Century Bank of the Ozarks AK Chain Bridge Bank, National Association AK ChoiceOne Bank AK Citizens Bank, National Association AK City Bank AK City National Bank AK Clearinghouse CDFI PPP AK CoBank ACB AK Coastal Community Bank AK Columbia State Bank AK Comerica Bank AK Commencement Bank AK Commonwealth Business Bank AK Community Bank of Mississippi AK Continental Bank AK Cross River Bank AK Customers Bank AK Dacotah Bank AK Deerwood Bank AK Denali State Bank AK FC Marketplace, LLC (dba Funding Circle) AK Farmers and Drovers Bank AK First Bank AK First Bank of the Lake AK First Citizens Bank of Butte AK First Command Bank AK First Federal Savings & Loan Association of Port AngelesAK d/b/a First Federal First Federal Savings Bank of Twin Falls AK First Financial Bank, National Association AK First Foundation Bank AK First Home Bank AK First International Bank & Trust AK First Interstate Bank AK First Midwest Bank of Poplar Bluff AK First National Bank Alaska AK First Republic Bank AK First State Bank AK First State Community Bank AK First-Citizens Bank & Trust Company AK FirstBank AK Fortis Private Bank AK Fountainhead SBF LLC AK Frandsen Bank & Trust AK Fund-Ex Solutions Group, LLC AK Fundbox, Inc.
    [Show full text]
  • The Policy and Politics of Cooperatives a Geographic, Sectoral, and Political Analysis of Co-Ops Promoting Economic Development in the United States
    THE POLICY AND POLITICS OF COOPERATIVES A GEOGRAPHIC, SECTORAL, AND POLITICAL ANALYSIS OF CO-OPS PROMOTING ECONOMIC DEVELOPMENT IN THE UNITED STATES by Kate LaTour A thesis submitted to Johns Hopkins University in conformity with the requirements for the degree of Master of Arts in Government Baltimore, Maryland May 2021 © 2021 Kate LaTour All Rights Reserved i Abstract Cooperatives engage and compete in the market just like any other form of business, yet co-ops are distinct in their one member, one vote structure of ownership and governance. People form cooperatives for three primary reasons: to fix a market failure, create greater consumer choice, or to gain greater parity against bigger players in the market. Co-ops also provide benefits that conventional businesses do not experience, including greater access for underserved populations, greater resilience to economic shock, and longer business lifespans in the same community. Moreover, as democratic institutions, cooperatives can contribute to strengthening the social fabric of a community. Like other forms of business, a strong enabling environment from all levels of government is not only helpful, but necessary. Typical tools for business development— especially technical assistance and access to capital—are needed for cooperative development, too. A major barrier that some cooperatives face, which other types of businesses do not, is a lack of incorporation statute at the state level. This is especially prevalent in the Southeast United States. There is a similar consequence when major federal statutes, like the Small Business Act, do not comprehensively include cooperatives. Lastly, like technology companies boom in Silicon Valley, cooperatives similarly thrive when there are clusters or associations of cooperatives operating in the same community, region, or sector.
    [Show full text]
  • Crd 208 Nigerian & International Cooperatives
    COURSE GUIDE CRD 208 NIGERIAN & INTERNATIONAL COOPERATIVES Course Team: Lawal Kamaldeen, A. A. Ph.D (Course Developer/Writer) Department of Entrepreneurship Faculty of Management Science – NOUN Prof. J .O Y Aihonsu (Course Editor) Olabisi Onabanjo University, Ago-Iwoye. Lawal Kamaldeen, A. A. Ph.D – (HOD) Department of Entrepreneurship Faculty of Management Science – NOUN Dr. Ishola, Timothy O. (Dean) – Faculty of Management Science – NOUN NATIONAL OPEN UNIVERSITY OF NIGERIA CRD 208 NIGERIAN & INTERNATIONAL COOPERATIVES National Open University of Nigeria Headquarters University Village Plot 91 Cadastral Zone Nnamdi Azikiwe Expressway Jabi, Abuja. Lagos Office 14/16 Ahmadu Bello Way Victoria Island, Lagos e-mail: [email protected] URL: www.noun.edu.ng Published by: National Open University of Nigeria ISBN: Printed: 2017 All Rights Reserved ii CRD 208 MODULES CONTENTS PAGE Introduction……………………………………………….. iv Course Aims………………………………………………. iv Course Objectives…………………………………….…… iv Structure of the Course……………………………………. iv Assessment………………………………………………… v Tutor Marked Assessment………………………………… v Examination……………………………………………….. vi Summary…………………………………………………… vi iii CRD 208 NIGERIAN & INTERNATIONAL COOPERATIVES INTRODUCTION The origin and growth of Nigeria and International Cooperative is as old as human race. The course is to acquaint learners with the pattern of growth and development of cooperative from Ancient Egyptian to the present day and provide analytical expression and tools for comparison. More so, the concept engulfed and spread gradually from Europe and to other part of the world. Presently cooperative is a form of business organization which is an international movement. Finally cooperative managers needs to understand the concept, principles of cooperative in other part of world and take decisions bothering on running cooperative business management successfully.
    [Show full text]
  • The Abcs of Co-Op Impact
    COMMUNITY ECONOMIC D EVELOPMENT HUB The ABCs of Co-op Impact Brett Theodos, Corianne Payton Scally, and Leiha Edmonds December 2018 Today’s economic climate is marked by growing insecurity in the face of structural changes to work, benefits, and business ownership. Small business start-ups are at their all-time lows, and entrepreneurship is lower among millennials than previous generations at those same ages (Wilmoth 2016).1 The income gap between the top and bottom of wage earners grew 27 percent from 1970 to 2016. And wealth inequality is growing as well. In the 50 years between 1963 and 2013, the top 10 percent saw their wealth quadruple while the bottom 10 percent went from having essentially no wealth to being $2,000 in debt.2 Wages have risen 3 percent (in real terms) among workers in the lowest tenth of earnings while the top tenth has risen 15.7 percent.3 And the longest economic expansion on record has not yet resulted in higher living standards for American workers, with increases in earnings paralleling increasing costs. Contract, temporary, and shift work has grown exponentially, and though some of these positions are lucrative, many have low pay and low stability. Indeed, many are beginning to question what the “future of work” is for large segments of US adults.4 In the face of these challenges, local, state, and national policy and practice leaders are searching for more satisfying and sustainable models of work and business. One established model that is attracting renewed attention is cooperatively owned businesses. Cooperatives exist in a diverse set of sectors, offering alternatives to traditional shareholder- or proprietor-owned business structures.
    [Show full text]
  • Policy Strategies to Build a More Inclusive Economy with Cooperatives
    POWER IN PURPOSE POLICY STRATEGIES TO BUILD A MORE INCLUSIVE ECONOMY WITH COOPERATIVES BRETT THEODOS, LEIHA EDMONDS, AND CORIANNE PAYTON SCALLY A REPORT FROM THE URBAN INSTITUTE OCTOBER 2020 ABOUT THE AUTHORS Brett Theodos is senior fellow in the Leiha Edmonds is a research analyst in the Metropolitan Housing and Communities Metropolitan Housing and Communities Policy Center at the Urban Institute, where Policy Center. he directs the Community Economic Development Hub. Corianne Payton Scally is a senior research associate in the Metropolitan Housing and Communities Policy Center. ACKNOWLEDGMENTS This report was funded by Cooperative Office of Economic Development and Development Foundation in partnership International Trade; Jason Linde, National with the National Cooperative Business Rural Electric Cooperative Association; Association CLUSA International, with Margaret Lund, independent consultant; original funding from the Robert Wood Mo Manklang, US Federation of Worker Johnson Foundation. We are grateful to Cooperatives; Tim Palmer, Democracy them and to all our funders, who make it at Work Institute; Linda Phillips, Jason possible for Urban to advance its mission. Wiener|p.c.; Mary Ann Ralls, National Rural Electric Cooperative Association; The views expressed are those of the Stuart Reid, Food Co-op Initiative; Nathan authors and should not be attributed Schneider, University of Colorado Boulder; to the Urban Institute, its trustees, or Stacey Sutton, University of Illinois at its funders. Funders do not determine Chicago; Todd Van Hoose, Farm Credit research findings or the insights and Council; and Russell Wasson, National recommendations of Urban experts. Rural Electric Cooperative Association. Further information on the Urban Institute’s funding principles is available at We are also grateful to the people who urban.org/fundingprinciples.
    [Show full text]
  • September 2012
    September 2012 Vanguard Timothy Collins and Cindy Banyai, Editors CDS 2013 Conference July 20-24, Charleston, SC "Beyond the Boundaries: Creating Innovation Through Regional Collaboration" In This Issue President's Update CD Resources President's Update Conferences and Meetings Greetings! Grant Opportunities Today I'm thinking about events that bring us together as "community." News from CDS This week we remember 9/11. Most of us CDS UpFront vividly recall where we were and how we were impacted by the events and the sacrifices that ensued for so many individuals and families. Most communities will have events commemorating 9/11, and these will bring together cross section of our local and national communities. Here in the Midwest, we finally had some rain over the last couple of weeks. While not enough to save most of the crops, it has been enough to get the grass growing again and get us out of the house now that the triple digits seem, thankfully, a summer memory and just in time for fall festivals, downtown events, and craft shows. I enjoy these gatherings as they bring together community members and highlight the local businesses, artisans, food and cultural traditions of the community. These events also highlight the similarities as well as unique characteristics of our communities. Take some time this year to get out and experience events like these in your part of the country. The two national political conventions were also a form of community - people who share goals and values came together to celebrate and reinforce those goals and values. And let's not forget that football season is back and those of us on college/university campuses are in the midst of fall football frenzy.
    [Show full text]
  • Access to Capital by Calfor
    Access to Capital Growing Local Businesses Financing Entrepreneurs Building Strong Economies Developed by the California Financial Opportunities Roundtable Representing finance, impact investing, philanthropy, business, economic development, government and more. August 2012 The California Financial Opportunities Roundtable (CalFOR) is part of a statewide initiative supporting development of regional industry clusters to provide jobs, entrepreneurial opportunities, business growth, public and private sector investment in value-chain infrastructure and sustainable communities throughout California. Working with a wide array of partners, the goals of that project include: x Innovation in Capital Markets and new sources of investment for projects and business growth. x Expansion of regional food systems and associated value chain opportunities. x Growth of biomass utilization, biofuels and renewable energy production. x Development of region-specific industry clusters and related business networks. x Improved Rural-Urban collaboration and related infrastructure deployment. Members of the CalFOR do not endorse any business in this guide and CalFOR is not in the business of providing financial advice – all content is provided for informational purposes only. Any potential investor acting on advice provided in this guidebook does so at their own risk. CalFOR advises all readers of this guidebook to always seek financial advice from a qualified advisor before investing. No information provided in this guide should be considered an inducement
    [Show full text]
  • Cooperatives: Pathways to Economic, Democratic and Social Development in the Global Economy
    Cooperatives: Pathways to Economic, Democratic and Social Development In the Global Economy Published by US Overseas Cooperative Development Council August, 2007 Cooperatives: Pathways to Economic, Democratic and Social Development In the Global Economy Acknowledgements This document is published by the U.S. Overseas Cooperative Development Council (OCDC), which is solely responsible for its content. It was initiated by the OCDC Development Committee, and its preparation guided by the Development Committee and the OCDC Board of Directors. The Development Committee would like to thank Ted Weihe, former OCDC Executive Director, Gretchen Warner, former OCDC Legislative Director, and OCDC member organizations for major contributions to this document. Several cooperative experts in the academic, government, and cooperative development communities were consulted and provided valuable input for shaping the final product. They are listed in Appendix I. OCDC would also like to acknowledge Tom Carter, Cooperatives Coordinator, USAID/Bureau of Democracy, Conflict and Humanitarian Assistance/Private and Voluntary Cooperation American Schools and Hospitals Abroad for his dedication to the Cooperative Development Program and for his encourage- ment regarding the development of this document. The Overseas Cooperative Development Council is a voluntary association of eight cooperative development organizations representing diverse economic sectors. Its mission is to champion, advocate and promote effective interna- tional cooperative development. See Appendix II for brief descriptions of OCDC member organizations. This document is available electronically at http://www.coopdevelopmentcenter.coop/ Susan G. Schram, Ph.D. Chair, OCDC Development Committee August, 2007 i Table of Contents Acknowledgements . .i Executive Summary . .iii I THE CONTEMPORARY CONTEXT . .1 A. Resurgence of Cooperatives in a Changing Global Economy .
    [Show full text]