Are co-operatives relevant in today’s globalised environment

Last Updated: Dec 26, 2025

Oct 16 • Group Discussion • 6061 Views • 3 Comments on Are co-operatives relevant in today’s globalised environment

Are co-operatives relevant in today’s globalised environment

Co-operatives remain highly relevant in today’s globalised environment, playing a crucial role in economic and social development across the world. In an era dominated by multinational corporations and competitive markets, co-operatives offer an alternative business model based on democratic principles, member ownership, and collective benefit rather than pure profit maximization.

Co-operatives provide several advantages in the globalized economy. They empower small producers, farmers, and workers by giving them collective bargaining power against large corporations. Agricultural co-operatives help farmers access better markets, fair prices, and modern technology. Credit co-operatives provide financial services to communities underserved by traditional banks. Consumer co-operatives offer quality products at reasonable prices, protecting members from market exploitation.

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Surely the Co-operatives relevant in today’s environment is standing as a back bone

Before get into this topic we need to know what is co-operative sectors

Co-operative sectors: When a group of members combines and run a business with out the involvement of the government. The members are raw material producers ex : hand loom, fishery, diary products comes under co-operative sector.

IMPORTANCE

After the independence of India every one depend on the government for their needs, like so the government also keep’s the people as a lazy fellows by giving the free offers. But in the past couple of decade Government encourage the people to do business for that government had taken lot’s of steps

• Loans are specially provided to start business
• Lot’s of opportunities
• Credit facilities to the co-operative sector
• Conducting programs wherein they will educate the member
• Providing complete information relating to the particular field.

REMOVAL OF UNEMPLOYMENT

As i said early the people depend more on government for their opportunities but people realized after a half century and most of the educated youth started to run their own business.

WHAT IT REMOVES

BY a survey taken among 2.4 billion workers in 2005

• • 1.4 billion did not earn enough to lift themselves and their families
  • 500 million working poor
  • almost 485 million did not earn enough to lift themselves and their families above the US$1 poverty line
  • roughly 90 million were young people aged 15 to 24 where unemployed

resource :http://social.un.org/index/ExpertGroupMeetingsPanelDiscussions/MoreExpertGroupMeetings/CooperativesandEmployment.aspx

so for we have seen what makes us to start the co-operative business
and we now going to see the effects and changes that it has bought to us

• • The co-operative sector has more than one billion members in more than 90 countries around the world.
  • The world’s 300 largest co-operatives have revenues in excess of $1.1 trillion
  • Co-operatives provide more than 100 million jobs around the world, 20 per cent more than multinational corporations.
  • Financial co-operatives serve an estimated 857 million people, 13 per cent of the world’s population.
  • 9,330 credit unions serve 184 million members in 97 countries and have combined assets of $1.35 trillion.

resource:http://www.ica.coop

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