Building Inclusive Economies Our Role in building an inclusive local economy through cooperatives Ernesto B. Neri Chairperson, Oro Youth Development Council

Filipino Youth are…. Youth sectors: a)In-school Youth b)Out –of – school Youth c)Working Youth d)Youth with Specific Needs years old (Republic Act 8044) million Filipino Youth or 28% of the total population in 2010

What matter most to the youth? Achieving in education 26% of years age group and 48% of age groups and had to drop-out of school due to financial hardships (NYAS,2010) However, if given the chance, 64% of out of school youth would like to go back to school (NYAS,2010) Getting a decent job 15.2 million of the total youth population is in the labor force (DOLE,2012) 86.6% are employed (DOLE,2012) 13.4% are unemployed. (DOLE,2012) 46% thinks their work is NOT relevant to their education and training (NYAS, 2010) 32.6% of the working youth preferred to work abroad (NYAS,2010)

Being healthy Almost one-third ( 26.5 percent) of adolescents engaged in alcohol intake in 2008 (NNS, 2008). Average age of initiation to smoking by Filipinos aged 15 and over is (GTS, 2010) 2/3 of Filipino Adolescence engage in Physical Exercise, (YAFFS, 2013) Participating in social relations More than 2/3 of the youth have not been members of any youth organization (NYAS,2010) Only 1/3 of the youth would like to volunteer in community services in times of emergency (NYAS,2010) 39.9% of the age group have during elections. (NYAS, 2010) 53% have social network accounts like Facebook, Twitter, etc. (YAFFS,2013) What matter most to the youth?

THE Philippines is seen to become the 16th largest economy in the world by 2050— larger than even neighboring Indonesia, Malaysia, Thailand or even oil-producing Saudi Arabia or the Netherlands. The British-owned global lender HSBC made the forecast in a study projecting the size of 100 economies 40 years hence, expanding the same from the original 30-country review published last year. HSBC said the Philippine economy were to expand from the puny $112 billion at present into a leviathan capable of generating output worth $1.69 trillion or 15 times larger. EXCITING TIMES

INVESTMENTS

INVESTMENTS = SAVINGS

Buzz in social media 70% Bank 3 % Insurance 8% Stocks 19% Others Woman lead in stock conversations while men lead in bank conversations

TIME DEPOSITS BONDS STOCKS MUTUAL FUNDS COOPERATIVES

WHAT IS A COOPERATIVE? A co-operative is a group of people acting together to meet the common needs and aspirations of its members, sharing ownership and making decisions democratically. Co-operatives are not about making big profits for shareholders, but creating value for customers – this is what gives co-operatives a unique character, and influences our values and principles

WHY INVEST IN A COOPERATIVE? Enjoy a Higher Interest Rate on Your Regular Savings Account (3% vs 0.250%) and Time Deposit (6% vs 1-5%) You can be a Co-Owner of All the Businesses of the CooperativeChoose from a Wide Variety of Investment ProductsGet a Loan Quickly in Time of NeedYou Get to become a Part of Something Bigger

TAGUM CITY YOUTH COOPERATIVE LABORATORY

“The concept of the project is that we bring the bank to the schools. We make banking transactions accessible to the students. The main goal is to inculcate the value and habit of saving to the youth for their future,” dela Peña said. From 48 members with only P8,000 of savings, the organization expanded with 1,487 members having P1.8 million total savings.

Child Social & Financial Education

Recommendations Regularize financial literacy in schools by anchoring efforts in the curriculum Inclusion of youth representatives in the board Set-up cooperative laboratories Regular youth cooperative camps

How important are the following factors in your decision to conserve energy? 1. It saves money 2. It protects the environment 3. It benefits society 4. A lot of other people are trying to do it

Capitalize on peer pressure

Education, Covering Leadership Training, Values Formation, Entrepreneurial Skills Training, and attendance in various seminars and fora involving the Environment and the Cooperative Movement. Among the desired core values of CYP members are: God-fearing, Integrity, Passionate in his/her pursuits, willingness to actively promote the coop, and self-sustaining; Services, Including the setting up of a Coop Youth Laboratory, Values and Leadership Formation assistance, grants of scholarships to deserving young coop members, and a Savings program especially targeted for the youth; and Social Commitment/Involvement Involving community immersion and exposure of young coop members, internship programs and awareness and active participation in social issues and campaigns.

THE BIGGER PICTURE

EXTRACTIVE ECONOMIC INSTITUTIONS + UNENGAGED CITIZENRY = POVERTY INCLUSIVE ECONOMIC INSTITUTIONS + ORGANIZED AND ENGAGED CITIZENRY = PROSPERITY

THANK YOU