Holy Name University

Bohol

The Dawn of Social Enterprise as Economic Model Name: Ernesto O. Golosino JOB POSITION: Full-Time Faculty INSTITUTION: Holy Name University, Tagbilaran City, Bohol, Philippines

Background The failure of capitalism

Framework The Classical Economist’s Perspective The Legal Mantra of Cooperative (Philippines) The Not So Famous Stories of Capitalism Theories advanced by scholars (with H- index)

Methods Literature Review Secondary Data FGD

Results ProvinceGini CoefficientRank Zamboanga del Norte Leyte South Cotabato Lanao del Norte Bohol Catanduanes Bukidnon Mountain Province Iloilo nd District NCR

Region Average Income Average Expenditure Average Income Average Expenditure Philippines NCR CAR Ilocos Cagayan Valley Central Luzon Calabarzon Mimaropa Bicol Western Visayas Central Visayas Eastern Visayas Zamboanga Peninsula Northern Mindanao Davao Soccsksargen Caraga ARMM Average Income and Expenditure of Families by Region, at 2000 Prices: 2006 and 2009 (in thousand Philippine Peso)

ASEAN COUNTRIES SELECTED DEVELOPED COUNTRIES Country Gini coefficient CountryGini coefficient Philippines0.4484USA0.408 Singapore0.425Italy0.360 Thailand0.425Australia0.352 Cambodia0.407Switzerland0.337 Indonesia0.394France0.327 Malaysia0.379Canada0.326 Vietnam0.378Finland0.269 Lao PDR0.326Sweden0.250 MyanmarNo dataJapan0.249 Brunei Darussalam No data The 2009 Official Poverty Statistics

Region Poverty incidence among families Philippines Caraga ARMM Region IX Region V Region III Region X Region VII Region XII Region IV-B Regions XI Regions VI Region I CAR Region II Regions III Region IV-A NCR The 2009 Official Poverty Statistics

Region No. of Registered Cooperatives Total Membership No. of Persons Directly Employed No. of Persons Indirectly Employed Amount of Assets Region I1,269405,5148,0865,6764,317,895, Region II755374,0315,5323,8834,684,779, CAR711250,6222,8271,9857,414,692, Region III2,005624,32917,37712,19912,310,729, NCR2,1291,313,34021,35914,99455,553,822, Region IV2,450580,00220,07714,09420,411,684, Region V793241,5284,7843,3582,879,707, Region VI1,332418,6038,8886,2399,151,433, Region VII1,523588,56420,34214,28016,110,273, Region VIII666277,5435,2383,6775,335,128, Regions IX741300,4577,8195,4895,273,818, Region X1,438392,70026,35018,49813,442,974, Region XI1,653346,45619,88313,95817,657,235, Region XII1,006190,46410,3827,2888,529,489, CARAGA1,042187,3376,6224,6493,647,290, ARMM1,21456,49015,65910,9933,191,694, Central Office65No data 19,927,614, Grand Total20,7926,547,980201,225141,260209,840,264, Registered Cooperatives, Its Assets, No. of Employees, Indirect Employment

Conclusions The recurrence of economic epidemic brought about by capitalism and the injustice it accord to society needs immediate attention If the number of social enterprise will continue to grow in tandem with the growing number of membership, the social inadequacy introduced by capitalism will gradually vanish

Recommendations it is imperative that the pending bill on recognizing the role of social enterprise must be acted with dispatch the presence of cooperatives must not be viewed to be adversarial to the present capitalist’s set-up

Literature Cited Avadhuta, A.V. The Post Corporate World by David Koten 1999Kumarian Press, West Hartford, CT Downloaded from: -david-koten.html. Burnett, B. The Smirking Chimp 2011downloaded from: Capitalism_has_failed Emery, A. Why Capitalism Fails Society 2012Posted in Ecology and Biology downloaded from: Haines, W. The Bankruptcy of Classical Economics 1993New York University downloaded from: -classical-economics.html

Jossa, B. Marx, Marxism and the Cooperative Movement 2003Cambridge Journal of Economics downloaded from: Lendman, S. Predatory Capitalism Failed 2012 downloaded from: Mihm, S. Why Capitalism Fails. 2009The Boston Globe Downloaded from: Nito, B. The Social Economy Picture 2012downloaded from: ww.google.com Noya, A. New Economic and Financial Order: What the future holds for cooperatives? 2012Organisation for Economic Cooperation and Development (OECD) downloaded from:

Ping-ay, J. The State of Cooperatives in the Philippines 2011Coop NATCOO Partylist Downloaded from: Pin-ay.html Republic Act No An Act To Constitute A Small Farmers’ Cooperative Loan 1950 Fund For The Purpose of Providing Credit Facilities To Small Farmers and Farm Tenants Downloaded from: Republic Act No Philippine Non-Agricultural Cooperative Act 1957downloaded from: Republic Act National Electrification Administration Act 1969downloaded from: Republic Act No An Act Creating the Cooperative Development Authority 1990downloaded from:

Republic Act No An Act Amending The Cooperative Code Of The Philippines 2008To Be Known As The “Philippine Cooperative Code Of 2008” Downloaded from: Social Sectors B Division, National Statistics Coordination Board 2012downloaded from: Tañada, L. Representative, 4 th District, Quezon Province, House Bill No Republic of the Philippines, Congress of the Philippines Fifteenth Congress, Second Regular Session Downloaded from: Villalba, M. A. Social Enterprise: A Strategic Proposition 2012Unlad Kabayan Migrant Services Foundation Downloaded from: Virola, R Official Poverty Statistics 2009National Statistics Coordination Board Downloaded from: