Find an example of financial inclusion from a search on news article, published since September 1, 2010, that you can model using the economic models we have studied in class to date.
Financial inclusion provides the unbanked with access to finance and financial services. Many countries have embraced financial inclusion as the key to economic empowerment and a solution to rising poverty levels. Financial innovation has been a fundamental companion of economic development over the centuries. It is believed that financial innovation and technology can increase financial inclusion because it can by-pass existing structural and infrastructural barriers to reach the poor Find an example/article of a financial innovation that encourages financial inclusion from an online search. Excellent sources for articles include The Wall Street Journal, the New York Times, and The Economist.
Ideally you would focus your search on a developing country. You can also look at innovations that help the poor and unbanked in the US. Then, write a two-page report (double-spaced, single-sided, one-inch margins all around), to explain the innovation. How does it help with financial inclusion? Are there any criticisms of the innovation? In your report Do not:
-Choose an article which simply reports facts
-Forget to cite the article(s) in a footnote. Use this link for Chicago Style Citations:https://www.chicagomanualofstyle.org/tools_citationguide/citation-guide-1.html
-Simply summarize the article
The report should follow standard writing format. Include a title, an introductory paragraph with a thesis statement, a body supporting the thesis statement, and a concluding paragraph.
I’ve attached the economic models that were studied in class.
