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Connexus : Issue 39
www.abacus.org.au 15 cr isis, the world is looking for business models to strengthen economies, generate jobs and suppor t communities – and the co-operative model is that alternative. It’s viable, strong and growing,” she says. “ Internationally, the top 300 co- operatives are worth more than US$1.6 trillion. These are ser ious businesses with scale. “Co-operative businesses in Australia have more than 7.5 million customer owners and generate more than $15 billion in annual turnover.” While in Australia, Dame Pauline launched a commemorative ser ies of operatives have to be respected for what they are doing. “It’s a great message and I hope the Australian government will support it.” margaret Bozik is a freelance writer. stamps marking the International Year of Co-operatives. A commemorative coin has also been struck. “This year is so important,” she says. “It’s our ambition in the International Co-operative Alliance board that, by 2020, co-operatives will be the fastest growing business model in the world. The Asia-Pacific nations represented in the Group of 20 alliance of finance ministers and central bank governors have economies that are still largely thriving, she says. “[They] could take an initiative in the G20 and say we want to see a better balanced global economy, and co- The commemorative coin struck by the australian mint to mark the International year of Co-operatives.