27 Aug 2014
Quebec City, Canada, August 14, 2014 — The cooperative model offers sustainable solutions to many of the socioeconomic challenges faced by South American countries, as reflected on the ground. In Argentina for example, the social economy currently generates 10% of the country’s GDP. Peru generates numerous jobs thanks to this model, with nearly 70% of the country’s workforce involved in the social and solidarity economy. In Latin America as a whole, the emergence of cooperatives and mutuals clearly demonstrates the vivacity of this economic sector.