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Rural Community Development: Ownership and Functioning
Topic : Saving and Credit
The traditional rural areas are the key to any successful development movement in the emerging world. In these countries there are numerous attempts to create rural communities aimed at the promotion of sustainable development of the rural population. This paper will try to learn from some of these attempts, especially in understanding the links between the individual members of these communities and their respective communities.
A special emphasis is given to cooperatives, which in their multi-purpose mode are the initial structure to build up strong rural communities. Understanding what are cooperatives, their advantages and limitations, is an important part of any attempt to succeed in this development. The author gives his interpretation of share capital, surplus value, asset valuation and dealing with reserve funds.
He concludes that when really successful cooperatives are created in the traditional rural areas, they can serve as the basis of the creation and the elaboration and the strengthening of rural communities. Simple multi-purpose societies have the best chance of success.
- Resource type Paper
- Author Galor, Z.
- Year of Publication2005
- RegionGlobal
- LanguageEnglish
- Number of pages9 pp.
- Keywords Cooperative, Member Owned Institutions, Rural Development