The Economics of Financial Cooperatives

The Economics of Financial Cooperatives
Author :
Publisher : Banking, Money and International Finance
Total Pages : 180
Release :
ISBN-10 : 0367777517
ISBN-13 : 9780367777517
Rating : 4/5 (17 Downloads)

Synopsis The Economics of Financial Cooperatives by : Amr Khafagy

Building on theories of finance and distribution, and the political economy of finance, this book explains the influence of financial cooperatives on wealth and income distribution, and institutional factors that determine the development of financial cooperatives. The book discusses the dynamics of income and wealth distribution with and without financial cooperatives, and defines the economic objective for financial cooperatives. Through explaining the influence of political institutions and regulations on the development of financial cooperatives, this book examines why financial cooperatives grew in some emerging economies and not in other similar ones. The book is of interest to scholars interested in financial economics, political economy of finance, alternative banking and development finance, and banking regulation. The book also gives valuable output to central bankers and financial and monetary policy makers in underdeveloped economies. In addition, it will be of particular interest to practitioners in international development institutions, especially those engaged in development finance and rural finance.

Financial Cooperatives and Local Development

Financial Cooperatives and Local Development
Author :
Publisher : Routledge
Total Pages : 258
Release :
ISBN-10 : 9781136253591
ISBN-13 : 1136253599
Rating : 4/5 (91 Downloads)

Synopsis Financial Cooperatives and Local Development by : Silvio Goglio

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.

The Economics of Financial Cooperatives

The Economics of Financial Cooperatives
Author :
Publisher : Routledge
Total Pages : 190
Release :
ISBN-10 : 9781000703030
ISBN-13 : 1000703037
Rating : 4/5 (30 Downloads)

Synopsis The Economics of Financial Cooperatives by : Amr Khafagy

Building on theories of finance and distribution, and the political economy of finance, this book explains the influence of financial cooperatives on wealth and income distribution, and institutional factors that determine the development of financial cooperatives. The book discusses the dynamics of income and wealth distribution with and without financial cooperatives, and defines the economic objective for financial cooperatives. Through explaining the influence of political institutions and regulations on the development of financial cooperatives, this book examines why financial cooperatives grew in some emerging economies and not in other similar ones. The book is of interest to scholars interested in financial economics, political economy of finance, alternative banking and development finance, and banking regulation. The book also gives valuable output to central bankers and financial and monetary policy makers in underdeveloped economies. In addition, it will be of particular interest to practitioners in international development institutions, especially those engaged in development finance and rural finance.

Collective Courage

Collective Courage
Author :
Publisher : Penn State Press
Total Pages : 325
Release :
ISBN-10 : 9780271064260
ISBN-13 : 0271064269
Rating : 4/5 (60 Downloads)

Synopsis Collective Courage by : Jessica Gordon Nembhard

In Collective Courage, Jessica Gordon Nembhard chronicles African American cooperative business ownership and its place in the movements for Black civil rights and economic equality. Not since W. E. B. Du Bois’s 1907 Economic Co-operation Among Negro Americans has there been a full-length, nationwide study of African American cooperatives. Collective Courage extends that story into the twenty-first century. Many of the players are well known in the history of the African American experience: Du Bois, A. Philip Randolph and the Ladies' Auxiliary to the Brotherhood of Sleeping Car Porters, Nannie Helen Burroughs, Fannie Lou Hamer, Ella Jo Baker, George Schuyler and the Young Negroes’ Co-operative League, the Nation of Islam, and the Black Panther Party. Adding the cooperative movement to Black history results in a retelling of the African American experience, with an increased understanding of African American collective economic agency and grassroots economic organizing. To tell the story, Gordon Nembhard uses a variety of newspapers, period magazines, and journals; co-ops’ articles of incorporation, minutes from annual meetings, newsletters, budgets, and income statements; and scholarly books, memoirs, and biographies. These sources reveal the achievements and challenges of Black co-ops, collective economic action, and social entrepreneurship. Gordon Nembhard finds that African Americans, as well as other people of color and low-income people, have benefitted greatly from cooperative ownership and democratic economic participation throughout the nation’s history.

Cooperatives in the Global Economy

Cooperatives in the Global Economy
Author :
Publisher : Rowman & Littlefield
Total Pages : 293
Release :
ISBN-10 : 9781498555234
ISBN-13 : 1498555233
Rating : 4/5 (34 Downloads)

Synopsis Cooperatives in the Global Economy by : Tapas R. Dash

Cooperatives in the Global Economy presents a unique collection of research-based chapters contributed by leading social and economic thinkers that provide critical insights into how the cooperative business model meets the challenges of the complex global problems in today’s competitive economy. Apart from theoretical arguments in favor of the value-based cooperative business model, this book presents the performance indicators of various forms of cooperatives, their potentialities, and challenges they face across borders. The contributors reexamine how cooperatives empower the marginalized population of the world by bringing them into the mainstream of socio-economic activities through creating employment opportunities, working towards alleviation of poverty, ensuring for more equitable distribution of scarce resources, and providing the basis for a sustainable economy and its meaningful growth. Today, in the global competitive economy, the challenges for cooperatives are enormous due to their particular value commitments, forms of incorporation, and organizational structures. In spite of the presence of several challenges, cooperatives promote economic growth and social justice. In this context, this book also presents the critical roles of cooperatives in balancing economic, social, and environmental concerns to build a better, equitable, and sustainable world.

The Economics of Financial Cooperatives

The Economics of Financial Cooperatives
Author :
Publisher : Routledge
Total Pages : 197
Release :
ISBN-10 : 9781000702811
ISBN-13 : 1000702812
Rating : 4/5 (11 Downloads)

Synopsis The Economics of Financial Cooperatives by : Amr Khafagy

Building on theories of finance and distribution, and the political economy of finance, this book explains the influence of financial cooperatives on wealth and income distribution, and institutional factors that determine the development of financial cooperatives. The book discusses the dynamics of income and wealth distribution with and without financial cooperatives, and defines the economic objective for financial cooperatives. Through explaining the influence of political institutions and regulations on the development of financial cooperatives, this book examines why financial cooperatives grew in some emerging economies and not in other similar ones. The book is of interest to scholars interested in financial economics, political economy of finance, alternative banking and development finance, and banking regulation. The book also gives valuable output to central bankers and financial and monetary policy makers in underdeveloped economies. In addition, it will be of particular interest to practitioners in international development institutions, especially those engaged in development finance and rural finance.

Humanizing the Economy

Humanizing the Economy
Author :
Publisher : New Society Publishers
Total Pages : 305
Release :
ISBN-10 : 9780865716513
ISBN-13 : 086571651X
Rating : 4/5 (13 Downloads)

Synopsis Humanizing the Economy by : John Restakis

How the largest social movement in history is making the world a better place.

Credit Cooperatives in India

Credit Cooperatives in India
Author :
Publisher : Routledge
Total Pages : 252
Release :
ISBN-10 : 9781136994036
ISBN-13 : 1136994033
Rating : 4/5 (36 Downloads)

Synopsis Credit Cooperatives in India by : Biswa Swarup Misra

Credit cooperatives in India make up one of the largest rural financial systems in the world. Playing a vital role in dispensing credit in largely agricultural areas, they are also the weakest link in the formal credit delivery system. This book provides a valuable case study of the traditional banking system in this developing economy, exploring the reasons for the poor performance of credit cooperatives in India and suggesting measures to revitalise them. Although this sector has grown along with the micro-credit sector to provide finance for the poor and the less creditworthy borrowers, financing development still remains a major problem in the developing world. However, the financial health of credit cooperatives in India has been a matter of perennial concern. The author argues that cooperatives hold great promise for financial inclusion if the financial position of the cooperatives can be consolidated. Providing a detailed analysis of the historical evolution of cooperatives in India, the book establishes the link between different segments of this institutional system and their performance in a commercial sense to show that cooperatives occupy an important place in India’s financial edifice as they play a key role in the multi-agency framework for rural credit delivery. As such, the analysis provides a valuable reference for scholars of economics, Asian economics and finance.

Co-operatives in a Post-Growth Era

Co-operatives in a Post-Growth Era
Author :
Publisher : Zed Books Ltd.
Total Pages : 368
Release :
ISBN-10 : 9781783600809
ISBN-13 : 1783600802
Rating : 4/5 (09 Downloads)

Synopsis Co-operatives in a Post-Growth Era by : Tom Webb

For the past three decades, neoclassical doctrine has dominated economic theory and policy. The balance of power has shifted to protect private interests, resulting in unprecedented damage to the environment and society, with no solution in sight as more austerity and less government continues to be posited as the answer to the oncoming waves of crisis. It doesn't have to be this way. Featuring a remarkable roster of internationally renowned critical thinkers, Co-operatives in a Post-Growth Era presents a feasible alternative for a more environmentally sustainable and equitable economic system - specifically, the co-operative business model. With more than 100 million people working in co-operatives and more than a billion members around the world, the time has never been better for co-operatives everywhere to recognise their potential to change the economic landscape. An essential book for students, policymakers and concerned citizens looking for a practical way to change the current stagnant economic paradigm.

Producer Cooperatives as a New Mode of Production

Producer Cooperatives as a New Mode of Production
Author :
Publisher : Routledge
Total Pages : 313
Release :
ISBN-10 : 9781317963165
ISBN-13 : 1317963164
Rating : 4/5 (65 Downloads)

Synopsis Producer Cooperatives as a New Mode of Production by : Bruno Jossa

The notion that there is no alternative to capitalism emerged after the fall of the Berlin Wall and made rapid headway due to increasing economic globalisation. More recently, this belief that there is no viable alternative has held firm despite the financial crisis, high unemployment levels and an ever-increasing gap between rich and poor. However, since the appearance of Benjamin Ward’s seminal 1958 article, economic theorists have been developing a workable alternative: a system of self-managed firms. The core argument outlined in this book is that a well-organised system of producer cooperatives would give rise to a new mode of production and, ultimately, a genuinely socialist society. This argument is developed through three key steps. First, following on from Jaroslav Vanek’s definition, it is argued that a ‘Labour-Managed Firm’, a firm which strictly segregates capital incomes from labour incomes, would implement a new production mode because it would reverse the pre-existing relation between capital and labour. Second, given that a system of these ‘Labour-Managed Firm’ cooperatives would reverse the capital-labour relationship, it is suggested that this would constitute a form of market socialism. Third, it is argued that compared to capitalism a system of producer cooperatives offers a wealth of advantages, including the potential for efficiency gains, the eradication of unemployment and the end of exploitation. Ultimately, this book concludes that self-management could take the place of central planning in Marxist visions for the future.