Article ID: CBB836450721

Do Institutional Transplants Succeed? Regulating Raiffeisen Cooperatives in South India, 1930–1960 (Spring 2021)

unapi

The government in British-ruled India established cooperative banks to compete with private moneylenders in the rural credit market. State officials expected greater competition to increase the supply of low-cost credit, thereby expanding investment potential for the rural poor. Cooperatives did increase credit supply but captured a small share of the credit market and reported net losses throughout the late colonial and early postcolonial period. The article asks why this experiment did not succeed and offers two explanations. First, low savings restricted the role of social capital and mutual supervision as methods of financial regulation in the cooperative sector. Second, a political-economic ideology that privileged equity over efficiency made for weak administrative regulation.

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Authors & Contributors
Morgan Spencer
Muhammad H. Zaman
Marie Huber
Kudaisya, Medha M.
Moore, Deirdre
Southgate, Douglas
Concepts
Business history
Colonialism
Agriculture
Business and commerce
Business enterprises
Great Britain, colonies
Time Periods
20th century
19th century
20th century, early
18th century
17th century
21st century
Places
India
Great Britain
British India (British Raj)
Central America
Ecuador
United States
Institutions
East India Company (English)
Tata (firm)
J.C. Penney Co.
Cipla (firm)
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