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2022 | OriginalPaper | Chapter

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

Author : David Mhlanga

Published in: Digital Financial Inclusion

Publisher: Springer International Publishing

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.

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previous chapter The Introduction to Poverty in the Fourth Industrial Revolution

next chapter The Impact of Financial Inclusion on Poverty from the Classical Theory of Poverty in the Fourth Industrial Revolution

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Title: Channels Through Which Financial Inclusion Reduces Poverty, What is the Role of 4IR, Digital Technologies in This Process?
Author: David Mhlanga
Publisher: Springer International Publishing
Book: Digital Financial Inclusion
Print ISBN: 978-3-031-16686-0

Electronic ISBN: 978-3-031-16687-7

Copyright Year: 2022
DOI: https://doi.org/10.1007/978-3-031-16687-7_11