A historical review on the Global evolution, benefits, challenges
and performance of Cooperatives.


Nakayiso, Eseza and Andrew, Nyakundi

This review article discusses the economic history and evolution of cooperatives, as well as
how they have changed the worldwide life of people and countries as a whole. Cooperatives
originated in the United States and expanded to the United Kingdom, Italy, Denmark, Russia,
and India before reaching Africa. They have been successful because to their simple
formation method, exceptional governance ideals, and member unity. Researchers conducted
a Historical Methodology evidence and interpretation study that included written, oral, and
physical evidence, as well as primary and secondary sources, including unpublished
information. Most women in poor nations lack access to education and productive resources,
making it difficult for them to make a living and actively engage in socioeconomic and
political circumstances. Africa as a whole is seeing a breakthrough by one of the “World’s
fastest-growing economic giants” in achieving gender equality and women’s economic
empowerment, which are Millennium Development Goals. This paper elaborates on the
advantages of cooperative development, economic growth patterns and financial
independence of women as shown by cooperatives. Global issues that must be addressed
include fraud, illiteracy, small loans and the way ahead. As a result, the proposals to make
cooperatives more efficient are: train, educate, and develop; monitor and assess
performance; government action to lift up communities and build a world that is more equal
and sustainable for everyone.
Keywords. Global Evolution, Benefits, Performance and Challenges of Cooperatives





Nakayiso, Eseza and Andrew, Nyakundi (2023). A historical review on the Global evolution, benefits, challenges and performance of Cooperatives. IDOSR JOURNAL OF HUMANITIES AND SOCIAL SCIENCES 8(1): 51-75.https://doi.org/10.59298/IDOSR/2023/12.1.3894