Summary of Financial Development, Inequality and Poverty: Some International Evidence
Looking for the report?
We have the summary! Get the key insights in just 5 minutes.
Rating
8 Overall
Recommendation
In theory, the principal purpose of the financial sector is to allocate capital efficiently. So it would seem intuitive that a bigger financial sector would allocate capital better and support more growth. Studies have tended to bolster this idea, but in such a heterogeneous area as finance, it is reasonable to wonder if all activities are equally useful to society. In this innovative research, economists Sami Ben Naceur and RuiXin Zhang gauge financial development’s impacts on poverty and inequity. getAbstract suggests this scholarly text to economists and policy makers.
In this summary, you will learn
- What economic theories say about a country’s financial development and income distribution,
- How five aspects of financial development influence poverty and inequality, and
- What policy makers should do in light of these connections.
About the Authors
Sami Ben Naceur is an economist at the International Monetary Fund, where RuiXin Zhang was an intern.
Summary
Get the key points from this report in 10 minutes.
By the same authors
Can Islamic Banking Increase Financial Inclusion?
Customers who read this summary also read
Is Global Equality the Enemy of National Equality?
State Transformation and the European Integration Project
People Get Ready
Globalization and Income Inequality Revisited
Policies to Ensure Asia’s Sustained Economic Success
China’s Future
