The Potential Of Cooperatives For Economic Equality
Released on October 17th under the title “Social Development in Times of Converging Crises: A Call for Global Action”, the report is the output of the global call by the GA resolution 77/281 in April 2023 to promote the social and solidarity economy for sustainable development.
Overall, the report estimates that the economic cost of crisis mitigation from 2020 until 2030 will translate into “a cumulative output loss of over $50 trillion”, to the detriment of social development. It is a global plea to prioritise people and the planet over profit, and for public-private social investments to be at the same level as their economic counterparts.