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Channels Through Which Financial Inclusion Reduces Poverty, What is the Role of 4IR, Digital Technologies in This Process?

In: Digital Financial Inclusion

Author

Listed:
  • David Mhlanga

    (University of Johannesburg)

Abstract

The chapter's goal is to demonstrate how financial inclusion can contribute to the eradication of poverty. To determine the many ways financial inclusion can help fight poverty, a thorough assessment of the literature was conducted. The study also examines how innovations from the Fourth Industrial Revolution relate to the eradication of poverty. The chapter emphasizes how the relationship between the growth of the financial markets, economic growth, and the alleviation of poverty has been a major issue in the study of economics and interest in the connection between financial development and economic growth has increased since the start of the 2007 financial crisis. Again, the chapter demonstrates that while there are theories explaining the relationship between financial inclusion and poverty, they are not always accurate and exact. The chapter concludes by demonstrating how digital financial inclusion affects poverty.

Suggested Citation

  • David Mhlanga, 2022. "Channels Through Which Financial Inclusion Reduces Poverty, What is the Role of 4IR, Digital Technologies in This Process?," Palgrave Studies in Impact Finance, in: Digital Financial Inclusion, chapter 0, pages 195-212, Palgrave Macmillan.
  • Handle: RePEc:pal:psifcp:978-3-031-16687-7_11
    DOI: 10.1007/978-3-031-16687-7_11
    as

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