Rashmi Umesh Arora
Financial Inclusion and Human Capital in Developing Asia: the Australian connection
abstract australian government part aid programme allocates large funds improve financial inclusion developing countries however take account low educational levels countries existing literature financial inclusion also treats issue mainly supplycentric take cognisance fact poor human development high illiteracy levels developing economies may prevent large section population benefitting financial inclusion efforts low awareness comprehension financial services available study uses detailed threestage methodological approach examine relationship financial development human capital 21 countries developing asia results show significant negative relationship exists financial development proxied m2gdp pupilteacher ratios strong positive relationship exists physical access banks expected years schooling financial development educational development indices also show clear pattern selected countries financial educational development notes 1 cfi financial inclusion whats vision 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