Are co-operatives relevant in today’s globalised environment
Last Updated: Dec 26, 2025
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
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- 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
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
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- 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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3 Responses to Are co-operatives relevant in today’s globalised environment
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From the independence of India, we rely on the government for our earning. But from last few years, it becomes necessary for us to look for the co-operative sector. Even the government of India supports that interest of us. So this may become a future of us…..
every one should work hard by an individual … all the individual working hard should combine to make a co-operative sector
yes co operatives is really relevant to globalized environment.. let we make our hand together to make the good globalized environment….