EXPLORING THE NEXUS BETWEEN FINANCIAL INCLUSION AND HUMAN DEVELOPMENT

Аннотация

Financial inclusion has gained attention as a means of reducing poverty and promoting economic development. However, its potential impact on human development, which encompasses a broader range of dimensions, has received less attention. This paper aims to explore the relationship between financial inclusion and human development by conducting a systematic review of the literature. Our analysis reveals a positive relationship between financial inclusion and human development, with financial inclusion having the potential to promote education, health, and entrepreneurship, and to reduce poverty and income inequality. The impact of financial inclusion on human development is mediated by various factors, such as education, gender, and social networks. The findings highlight the need for policymakers to prioritize financial inclusion as a key strategy for promoting human development, while ensuring consumer protection and financial stability.. KEYWORDS Financial inclusion, human development, poverty reduction, economic development, education, health, entrepreneurship, gender, social networks, consumer protection, financial stability.