Cooperative Economics in Africa: Applicability and Suggestions

Article

Akinwalere, S. and Chang, K. 2025. Cooperative Economics in Africa: Applicability and Suggestions. Global Economic Perspectives. 3 (3). https://doi.org/10.37155/2972-4813-gep0303-4
AuthorsAkinwalere, S. and Chang, K.
Abstract

The current research investigates the concept of cooperative economics and examines its applicability in Africa, using Nigeria as research sample. Based on triangulation method, we critically review cooperative economics characteristics by consolidating diverse views of cooperative economics, foreign direct investment and David Ellerman’s theory. Research findings advance knowledge by clarifying merits and obstacles in facilitating economic growth. These include: inadequate employee ownership education and training, poor integrative cooperation, lack of decision making, and corruption. We advise African government to offer incentives for cooperative economics, as it will facilitate development of education and electricity, which in turn boosts business performance.

JournalGlobal Economic Perspectives
Journal citation3 (3)
ISSN2972-4813
Year2025
PublisherOmniscient Pte. Ltd.
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Anyone
Digital Object Identifier (DOI)https://doi.org/10.37155/2972-4813-gep0303-4
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Online28 Jul 2025
Publication process dates
Deposited20 Aug 2025
Copyright holder© 2025 The Authors
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