This book examines the opportunities opened up for financial cooperatives by the recent financial crisis, and explores the role of these institutions in promoting and sustaining local development. The global financial crisis has not only shown the limits of the mainstream theory of markets and rational expectations, but has also generated a great deal of disillusionment with the banking system and underlined the importance of a healthy society for the welfare of the individual. Consequently, new and innovative ways of providing finance are needed, especially for strengthening the development of local societies.

First Published in 2004. The market economy has changed profoundly over the past two centuries. In the nineteenth century, business enterprises were largely single-product ventures, managed directly by the owners and rooted within national economies. In the twentieth century, firms employed managers who were not owners. Firms also evolved into multiproduct, multiunit entities that could employ thousands of workers. In the twenty-first century, many firms operate on a global scale, taking advantage of free trade policies and rapidly evolving computer and telecommunications technologies. Given this potential, it is crucial that producers, consumers, economic developers, and researchers realize how co-ops can promote local economic and community development. Hence, this book includes the perceptions of experts on a variety of cooperative issues, including the challenges involved in starting a co-op and in understanding its impact on surrounding communities. This book can be especially useful because it provides the theoretical foundations and practical applications of cooperative behavior.

In celebration of cooperatives’ contributions to community development processes and outcomes worldwide, the United Nations designated 2012 as the Year of the Cooperative. Today, as in the past, cooperatives have proved effective in bringing people and organizations together to accomplish a broad array of goals related to fostering social and economic innovation, protecting communities against poor living and working conditions, and promoting a better quality of life. Analytically, as both a movement and as a business model, cooperatives hold much potential for generating the types of synergies, collaboration, and productive and social processes that enable community development to thrive in a variety of local, regional and global contexts. This collection of articles chronicles new developments in the ways in which cooperatives are used in a diverse array of community contexts. They offer insight as to what these changes mean, both empirically and theoretically, for community development in the decades to come. This book is a compilation of articles published in the journal Community Development.

"Provides a cross-country comparison of smallholder agricultural cooperatives in Paraguay, Brazil and Colombia, revealing immense opportunities and challenges for community development, empowerment, and social change"--Provided by publisher.

In celebration of cooperatives’ contributions to community development processes and outcomes worldwide, the United Nations designated 2012 as the Year of the Cooperative. Today, as in the past, cooperatives have proved effective in bringing people and organizations together to accomplish a broad array of goals related to fostering social and economic innovation, protecting communities against poor living and working conditions, and promoting a better quality of life. Analytically, as both a movement and as a business model, cooperatives hold much potential for generating the types of synergies, collaboration, and productive and social processes that enable community development to thrive in a variety of local, regional and global contexts. This collection of articles chronicles new developments in the ways in which cooperatives are used in a diverse array of community contexts. They offer insight as to what these changes mean, both empirically and theoretically, for community development in the decades to come. This book is a compilation of articles published in the journal Community Development.

Cooperative rule -- Pedagogies of community development -- Anti-empire, development, and emergency rule -- Uganda's anticolonial cooperative movement -- Cooperatives and decolonization in postwar Britain.