The Role of Cooperative Societies in Economic Development
AbstractThis paper examines the role of cooperative societies in economic development. The aim is to investigate the ways in which cooperatives can act as agents towards sustainable community development. The paper is a descriptive survey, which involves the collection of data for the purpose of describing the role of cooperative societies in economic development. The paper posits that for over 160 years now cooperatives have been an effective way for people to exert control over their economic livelihoods as they play an increasingly important role in facilitating job creation, economic growth and social development. The paper concludes that to be effective and successful, cooperatives must continuously achieve two inter-related goals: enhance viability and improve ability to service its members; and remain an economically viable, innovative and competitive enterprise.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 23161.
Date of creation: 2005
Date of revision: 2005
Publication status: Published in The Nigerian Journal of Administrative Studies 2.3(2005): pp. 1-12
Cooperatives; Economic Development;
Find related papers by JEL classification:
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
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