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Co-operatives and their place in a global social economy

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  • Lans, Cheryl

Abstract

For most of the world's developing countries, the 1990s were a decade of frustration and disappointment. The economies of sub-Saharan Africa and Latin America did not rebound economically in response to the structural adjustment prescriptions of the World Bank and IMF (Rodrik 2001; 2002). Frustration with the World Bank and IMF led to the development of many cooperatives in Latin America (Miller, 2006). Involuntary unemployment is capitalism’s most costly market failure and the demand for social services like the social-professional reintegration of disadvantaged groups usually cannot be provided solely by national governments (Monzón Campos, 1997). An alternative economy often arises in response to unemployment. This alternative economy is composed of co-operatives and NGOs working on small projects for community economic development and ethical businesses providing services (camps, financing, daycare, media, housing, women’s centres) (Corcoran and Wilson, 2010).

Suggested Citation

  • Lans, Cheryl, 2013. "Co-operatives and their place in a global social economy," MPRA Paper 66013, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:66013
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    References listed on IDEAS

    as
    1. JoséLuis Monzón Campos, 1997. "Contributions of the social economy to the general interest," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 68(3), pages 397-408, September.
    2. Warren Moran & Greg Blunden & Adrian Bradly, 1996. "Empowering Family Farms Through Cooperatives and Producer Marketing Boards," Economic Geography, Taylor & Francis Journals, vol. 72(2), pages 161-177, April.
    3. Lans, Cheryl, 2005. "What is the Social Economy?," MPRA Paper 63181, University Library of Munich, Germany.
    4. Ann-Mari Sätre Åhlander, 2000. "Women and the social economy in transitional Russia," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 71(3), pages 441-465, September.
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    More about this item

    Keywords

    co-operatives; alternatives to capitlism;

    JEL classification:

    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches

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