Co-operatives and Development with Special Reference to the Formation of Co-operatives in Schools

Abstract

This paper begins with a restatement of the co-operative principles as they are to be found in Co-operative Law in Malaysia and ANGKASA Manifesto. Two basic concepts are practiced in the co-operative movement, which is democracy and equity in the distribution of trading surplus as returns to capital or as patronage. Rules and regulation are stressed once again as it contradicts with the practices in the private sector. The school co-operative should be strongly encouraged especially in Sabah and Sarawak, based on four strong reasons. A brief guidance is given on how the school co-operative should be set up. And last but not least, the problems of school co-operative are pointed out as well.