Coperatives worldwide just completed observing 2012 International Year of Cooperatives, as designated by the United Nations. But for cooperatives such as Farmers' Rice Cooperative, which does about half of its business overseas, every year is an "international year."The global economy increasingly has no borders, and the exchange of goods and services has opened markets for U.S. agricultural cooperatives, enabling them to reach more consumers. The use of electronic and social media has also facilitated exchange across borders, significantly lowering transactions costs of trade.
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