Transcription of Cooperatives: Characteristics, activities, status, challenges
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BRIEFING EPRS | European Parliamentary Research Service Author: Cemal Karakas Members' Research Service PE February 2019 EN Cooperatives: Characteristics, activities, status, challenges SUMMARY Cooperatives are autonomous associations of people aspiring to achieve their objectives through a jointly owned and democratically controlled enterprise. International organisations, such as the United Nations and the European Union (EU), value the role cooperatives play for society, the economy and (international) development. There are 3 million cooperatives worldwide; together, they provide employment for 280 million people, equating to 10 % of the world's employed population. The 300 largest cooperatives and mutuals in the world had a total turnover of US$ trillion in 2016.
Cooperatives are a multi -faceted phenomenon. The International Cooperative Alliance (ICA) defin es them as follows: 'A cooperative is 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'. 1
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