Abstract and Keywords
This chapter first outlines the legitimacy of measuring co-operative law by the internationally recognized co-operative principles, and the evolution of co-operative law across the globe over the past decades. Based thereupon it then suggests re-establishing the rationale for a co-operative law which distinguishes co-operatives from other types of enterprises, this rationale being the sustainable development enhancing diversity of enterprise types. The locus of competition/competitiveness is shifting from financial performance to the normative capacity of enterprises to contribute to sustainable development. Co-operatives have a competitive advantage in this respect. This chapter will therefore suggest how to translate this capacity into the legal structure of co-operatives. It does so against the background of the economic, political, sociological, and socio-psychological changes and challenges, of which globalization is both cause and effect, and which impact the co-operative values and the notion of (co-operative) law and of law-making.
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