Abstract
Globalization has many features, but three in particular have important implications for co-operatives in the way in which they respond to the challenge of globalization. Firstly the globalization of financial markets, which gives a competitive advantage to large multi-national corporations compared to co-operatives, due to the latter’s more restricted access to such markets. Secondly, the internationalization of corporations through merger and acquisition activity, and the comparative disadvantage of co-operatives in this market for corporate control, partly due to their financial and governance structures and partly to their national orientation. Thirdly, the liberalization of national regulatory and institutional frameworks which have often supported or protected co-operatives’ activities.
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© 2014 Roger Spear
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Spear, R. (2014). Globalization and Co-operative Strategies. In: Gijselinckx, C., Zhao, L., Novkovic, S. (eds) Co-operative Innovations in China and the West. Palgrave Macmillan, London. https://doi.org/10.1057/9781137277282_3
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DOI: https://doi.org/10.1057/9781137277282_3
Publisher Name: Palgrave Macmillan, London
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