Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 62 , 28 December 2023
Open
Access | Article
Obstacles, Assistance, and Impact of Inclusive Finance Implementation
* Author to whom correspondence should be addressed.
Abstract
In today's rapidly developing financial products and services, various financial products and services meet the basic financial needs of the public. However, in many developing countries, there is still a great number of people who are unable to access the most basic financial products and services, such as opening their own bank accounts, using online payment services, obtaining credit and insurance, etc. Therefore, the promotion of inclusive finance is particularly important which is of advantage to promote economic growth and poverty reduction, enhance social justice and social development, and strengthen the economic security of individuals and families. This essay tries to discusses the favorable and unfavorable reasons for the development of inclusive finance, as well as the impact of inclusive finance development, which using of reference to research on the inclusive finance implementation. This essay aims to spread awareness of inclusive finance and make people correctly aware of the importance of financial products and services and the necessity of promoting inclusive finance.
Keywords
financial products and services, inclusive finance, economy
References
1. Carbo S., Gardener E.P., Molyneux P., 2005. Financial Exclusion. Palgrave MacMillan.
2. S. Mahendra Dev. (2006). Financial Inclusion: Issues and Challenges. Economic and Political Weekly, 41(41), 4310–4313.
3. Peterson K. Ozili (2021) Financial inclusion research around the world: A review, Forum for Social Economics, 50:4, 457-479.
4. Boonstra, A., Broekhuis, M. Barriers to the acceptance of electronic medical records by physicians from systematic review to taxonomy and interventions. BMC Health Serv Res 10, 231 (2010).
5. Silvia Storchi, Emilio Hernandez, and Elizabeth McGuinness. (2020). A research and learning agenda for the impact of financial inclusion.
6. James Manyika, Susan Lund, Marc Singer, Olivia White, Chris Berry. (2016). Digital finance for all: powering inclusive growth in emerging economies.
7. Levine R. (1997) Financial development and economic growth: views and agenda”, Journal of Economic Literature, 35(2), 688-726 .
8. Beck T, Demirguc-Kunt A, Soledad M, Peria M. (2007) Reaching out: access to and use of banking services across countries. Journal of Financial Economics 85(1), 234–266.
9. Buckland J, Guenther B, Boichev G, Geddie H, Mutch M.2005. There Are No Banks Here: Financial and Insurance Exclusion Services in Winnipeg's North End.Winnipeg Inner-City Research Alliance (WIRA). University of Winnipeg: Canada.
10. Tuovlia A. (2022). What Is Bad Debt? Write Offs and Methods for Estimating. July 31, 2023. Retrieved April 25, 2023, from https://www.investopedia.com/terms/b/baddebt.asp
11. Connolly C, Hajaj K.(2001) Financial Services and Social Exclusion. Financial Services Consumer Policy Centre, University of New South Wales.
12. Muhammad Umer Niaz. (2023) Socio-Economic development and sustainable development goals: a roadmap from vulnerability to sustainability through financial inclusion. Economic Research-Ekonomska Istraživanja, 35, 1, 3243-3275
13. The World Bank. (2022). Financial Inclusion Overview. Retrieved April 25, 2023, from https://www.worldbank.org/en/topic/financialinclusion/overview
14. Rangarajan Committee, 2008, “Report of the Committee on Financial Inclusion”, Committee Report.
15. Zeleny, M., 1974, “A concept of compromise solutions and the method of the displaced ideal”, Computers and Operations Research, 1, 479-496.
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).
- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-225-1
- ISBN (Online)
- 978-1-83558-226-8
- Published Date
- 28 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/62/20231335
- Copyright
- 28 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited