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Cooperatives in India: The Humanization of Our World

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  • Sapovadia, Vrajlal

Abstract

Cooperatives are socio-economic institute. Cooperatives in India are made conducive by legal empowerment to undertake economic activities with angle of humanization. International Cooperative Alliance defines a cooperative as an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise. Cooperatives are based on the values of self-help, self-responsibility, democracy, equality, equity, mutual cooperation, and solidarity. Members of the cooperative society believe in the ethical values of honesty, openness, social responsibility and caring for others. Cooperatives enterprises across the globe provide economic values coupled with social flavor. Cooperatives provide an important channel for bridging market values and human values. If set within an agreed framework for inclusive growth, cooperative ideals and cooperative organization will be more effective in meeting their people-centered objectives. Cooperatives run for economic reasons but also enhance humanization. Several models of cooperatives across the globe are engaged in various activities. Cooperatives in one continent may be different in terms of size, business volume, model, economic emphasise and activities than other continents, but one thing is unique; cooperatives main axle is humanization. This paper describe provisions of cooperatives law and real cases how cooperatives work for humanization in India.

Suggested Citation

  • Sapovadia, Vrajlal, 2012. "Cooperatives in India: The Humanization of Our World," MPRA Paper 55317, University Library of Munich, Germany, revised 15 Mar 2014.
    • Handle: RePEc:pra:mprapa:55317
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    References listed on IDEAS

    as
    1. Christopher J. Green & Colin Kirkpatrick & Victor Murinde (ed.), 2005. "Finance and Development," Books, Edward Elgar Publishing, number 2764.
    2. Vrajlal, Sapovadia, 2004. "Optimizing Decision Making Capacity: Lessons from Empirical Study of Selected Successful and Collapsed major Cooperatives in India," MPRA Paper 44108, University Library of Munich, Germany.
    3. Sapovadia, Vrajlal & Patel, Akash, 2013. "What Works for Workers' Cooperatives? An Empirical Research on Success & Failure of Indian Workers' Cooperatives," MPRA Paper 55225, University Library of Munich, Germany.
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    More about this item

    Keywords

    Cooperative Society; Humanization; Socio-Economic Institutes; Cooperative Law; India;
    All these keywords.

    JEL classification:

    • P3 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions
    • P4 - Political Economy and Comparative Economic Systems - - Other Economic Systems

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