From the perspective of decreasing income inequality on a global scale, when multinationals fire workers in developed countries and replace them with lower-paid workers in developing countries, that is a very good thing, since people in developing countries need the jobs more. I would be skeptical of any license which privileges co-ops over multinationals for that reason. Co-ops are likely to reinforce existing global income inequality, due to labor protections for developed-world workers. A globally rich, privileged slacker gets to keep a job they're barely doing, because they had the good fortune of being born on the right dirt. It's modern feudalism.

I haven't yet fully digested this comment, but I will say right off the bat that there are many co-ops in the developing world. Nathan Schneider in Everything for Everyone describes the culture shock of arriving in Nigeria (IIRC) and co-ops being everywhere, just such a normal part of life.