The benefits of global financial inclusion for economic development
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2022-11-06 19:13
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CLICHICI, Dorina. The benefits of global financial inclusion for economic development. In: Implicațiile economice și sociale ale pandemiei COVID-19:: analize, prognoze și strategii de atenuare a consecințelor, 23 octombrie 2020, Chişinău. Chişinău: Institutul Național de Cercetări Economice, 2020, pp. 76-78. ISBN 978-9975-3463-3-7.
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Implicațiile economice și sociale ale pandemiei COVID-19: 2020
Conferința "Implicațiile economice și sociale ale pandemiei COVID-19:"
Chişinău, Moldova, 23 octombrie 2020

The benefits of global financial inclusion for economic development

JEL: C59, E49, G00

Pag. 76-78

Clichici Dorina
 
Institute for World Economy
 
 
Disponibil în IBN: 16 decembrie 2020


Rezumat

The aim of this paper is to analyze the role and the main benefits of financial inclusion for economic development and to identify policy directions to enhance it. To achieve this goal, there are used both qualitative and quantitative research methods. The paper highlights the main factors that determine the exclusion of population from the financial system and presents recent worldwide trends regarding financial penetration. It identifies the main empirical results in the field that show the benefits of financial inclusion. The analysis concludes that although the role of global financial inclusion is recognized, its level is still insufficient and it should be addressed by different policy actions.

Cuvinte-cheie
financial inclusion, financial system, bank account, loans, savings, financial system infrastructure