Abstract:
The autonomy of PO/cooperatives will not become reality unless they have the
necessary economic independence and, in particular, financial independence. Growing
competition put PO/cooperatives in a difficult situation in many a country. Today’s economies are global, giving a competitive advantage to those who can easily access capital with which to participate to the production. But even in less capital-intensive sectors PO/cooperatives find it difficult to constitute the necessary financing of their activities. Their capital varies with the number of members. As a rule, PO/cooperative members have limited financial or other resources.