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International Day Of Cooperatives : 03 July

The Co-operatives Movement
Co-operatives have been acknowledged as associations and enterprises through which citizens can effectively improve their lives while contributing to the economic, social, cultural and political advancement of their community and nation. The co-operative movement has been also recognized as a distinct and major stakeholder in both national and international affairs.

Co-operatives' open membership model affords access to wealth creation and poverty elimination. This results from the co-operative principle of members' economic participation: 'Members contribute equitably to, and democratically control, the capital of their co-operative.' Because co-operatives are people-centred, not capital-centred , they do not perpetuate, nor accelerate capital concentration and they distribute wealth in a more fair way.

Co-operatives also foster external equality. As they are community-based, they are committed to the sustainable development of their communities - environmentally, socially and economically. This commitment can be seen in their support for community activities, local sourcing of supplies to benefit the local economy, and in decision-making that considers the impact on their communities.

Despite their local community focus, co-operatives also aspire to bring the benefits of their economic and social model to all people in the world. Globalization should be governed by a set of values such as those of the co-operative movement; otherwise, it creates more inequality and excesses that render it unsustainable.

The cooperative movement is highly democratic, locally autonomous, but internationally integrated, and a form of organization of associations and enterprises whereby citizens themselves rely on self-help and their own responsibility to meet goals that include not only economic, but also social and environmental objectives, such as overcoming poverty, securing productive employment and encouraging social integration.

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