The role of cooperatives in the economy and society

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Cooperatives play a crucial role in the economy and society. They contribute to local development, foster social inclusion and promote economic, social and environmental sustainability. By providing an alternative to the traditional business model, cooperatives empower their members and strengthen the community in which they operate.

Cooperatives also promote education and training, both for their own members and for the community at large. Through training programmes, cooperatives provide learning and hungary phone number data development opportunities, promoting the acquisition of skills and knowledge necessary for self-management and collective decision-making.

In addition, cooperatives create a positive social impact by boosting job creation, especially in regions where employment opportunities are limited. Based on principles of equity and democracy, cooperatives promote gender equality and combat discrimination, providing women and other marginalized groups with a space to actively participate and make joint decisions.

Successful examples of cooperatives around the world.
There are numerous examples of successful cooperatives around the world that have managed to generate a positive impact in their communities. One prominent example is the Mondragon Cooperative in Spain, a federation of cooperative businesses operating in various sectors, including industry, commerce and education. Mondragon has demonstrated that cooperatives can be internationally competitive, while prioritizing the well-being of their workers and economic sustainability.

Another example is the Grameen Credit Cooperative in Bangladesh, founded by Muhammad Yunus. This cooperative provides microcredit to low-income people, especially women, to help them start businesses and escape poverty. Grameen’s focus on financial inclusion and empowerment has inspired similar initiatives around the world.