This book is unique in that it challenges scholarly views on financial inclusion and poverty reduction while also relating financial inclusion and poverty reduction to the Fourth Industrial Revolution. The book deviates from the usual method of analyzing financial inclusion, which relies on bank accounts or microcredit as success criteria, and instead discusses how the Fourth Industrial Revolution is facilitating digital financial inclusion. With a five-fold goal, this book investigates both past and present readings and understandings of poverty and financial inclusion. To begin, it provides a thorough introduction to the Fourth Industrial Revolution and financial inclusion in the context of the Fourth Industrial Revolution. Second, the book dives quite extensively into the theories of financial inclusion in the context of the Fourth Industrial Revolution. Third, the book reconstructs the theory of financial inclusion, moving from traditional to digital financial inclusion, highlighting the role of digital financial inclusion in the transition from an informal financial money market to a formal financial system. The fourth goal is to evaluate the tools and effects of digital financial inclusion on poverty. Finally, it provides case studies of digital financial inclusion and the future of digital financial inclusion in emerging and developing countries. This book will be of interest to academics, students and practitioners in a range of disciplines, including finance, development economics, and consumer economics.
Table of Content
Part I: Introduction.- Chapter 1: Introduction to Digital Financial Inclusion: Revisiting Poverty Theories in The Context of The Fourth Industrial Revolution.- Chapter 2: The Fourth Industrial Revolution: An Introduction to its Main Elements.- Chapter 3: Financial Inclusion and the Fourth Industrial Revolution.- Part II: Theories of Financial inclusion in the context of the Fourth Industrial Revolution.- Chapter 4: The Beneficiaries Theory of Financial Inclusion and the Fourth Industrial Revolution.- Chapter 5: The Delivery Agent Theory of Financial Inclusion in The Context of The Fourth Industrial Revolution.- Chapter 6: The Funding Theories of Financial Inclusion in the Context of The Fourth Industrial Revolution.- Part III: Reconstructing the Theory of Financial Inclusion: From Traditional Financial Inclusion to Digital Financial Inclusion.- Chapter 7: Digital Financial Inclusion in the Fourth Industrial Revolution.- Chapter 8: The Transition from an Informal Financial Money Market to a Formal Financial System through Digital Financial Inclusion.- Chapter 9: Prospects and Challenges of Digital Financial Inclusion/Fintech Innovation in the Fourth Industrial Revolution.- Part IV: Assessing tools and Impact of Digital Financial Inclusion.- Chapter 10: The Introduction to Poverty in the Fourth Industrial Revolution.- Chapter 11: Channels Through Which Financial Inclusion Reduces Poverty, what is the Role of 4IR Digital Technologies in this Process?.- Chapter 12: The Impact of Financial Inclusion on Poverty from the Classical Theory of Poverty in the Fourth Industrial Revolution.- Chapter 13: The Impact of Financial Inclusion on Poverty from The Neoclassical Theory in The Fourth Industrial Revolution.- Chapter 14: The Impact of Financial Inclusion on Poverty: From Keynesian /Liberal Perspective in the Fourth Industrial Revolution.- Chapter 15: Financial Inclusion, and Marxian/Radical Theory of Poverty in the Fourth Industrial Revolution.- Chapter 16: Financial Inclusion, Social Exclusion, Social Capital, and Psychological Theories of Poverty in the Fourth Industrial Revolution.- Part V: Cases Studies of Digital Financial Inclusion.- Chapter 17: Selected Digital Financial Inclusion Success Stories Across Developing Economies.- Chapter 18: Digital Financial Inclusion, And the Way Forward for Emerging Markets: Towards Sustainable Development.- Chapter 19: The Conclusion of Digital Financial Inclusion: Revisiting Poverty Theories in The Context of The Fourth Industrial Revolution.
About the author
David Mhlanga is a Postdoctoral Researcher at the University of Johannesburg, South Africa. His research includes financial inclusion, poverty studies, and industry 4.0. His wider subject areas include development economics, economics of artificial intelligence, health, and education economics.