Recent Finance Advances in Information Technology for Inclusive Development: A Survey

African Governance and Development Institute WP/17/009

41 Pages Posted: 21 Mar 2017

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Jacinta Nwachukwu

Coventry University

Date Written: January 2017

Abstract

The overarching question tackled in this paper is: to what degree has financial development contributed to providing opportunities of human development for those on low-incomes and by what information technology mechanisms? We survey about 180 recently published papers to provide recent information technology advances in finance for inclusive development. Retained financial innovations are structured along three themes. They are: (i) the rural-urban divide, (ii) women empowerment and (iii) human capital in terms of skills and training. The financial instruments are articulated with case studies, innovations and investment strategies with particular emphasis, inter alia on: informal finance, microfinance, mobile banking, crowd funding, microinsurance, Islamic finance, remittances, Payment for Environmental Services (PES) and the Diaspora Investment in Agriculture (DIA) initiative.

Keywords: Finance, Inclusive Growth, Economic Development

JEL Classification: G20, I10, I20, I30, O10

Suggested Citation

Asongu, Simplice and Nwachukwu, Jacinta, Recent Finance Advances in Information Technology for Inclusive Development: A Survey (January 2017). African Governance and Development Institute WP/17/009. Available at SSRN: https://ssrn.com/abstract=2937212 or http://dx.doi.org/10.2139/ssrn.2937212

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

Jacinta Nwachukwu

Coventry University ( email )

Priory Street
Coventry, CV1 5FB
United Kingdom

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