Science Direct IIMB Management Review Volume 27, Issue 4, December 2015, Pages 282-287, ‘Financially excluded in the ‘Lucky Country’: lessons from under-banked Australia’
Financial exclusion of a large percentage of the working age adult population is a global policy concern. Financial inclusion will enable people to have access to financial instruments like savings, remittances and credit. It forces economies to have financial architecture in place as safety nets. Realising this, countries, both developed and the developing, have taken up financial inclusion as a priority.
The ‘Financial inclusion: Policies and practices’ round-table held in 2014 during the ninth Annual International Conference on Public Policy and Management at the Indian Institute
of Management Bangalore (IIMB), attempted to understand the global picture of financial inclusion and the intricacies of the challenges involved in achieving full financial inclusion.
The paper by Godinho et al. discusses the case of Indigenous people in Australia who are socio-economically marginalised and financially excluded, reminding us that financial exclusion, induced by social, cultural, and geographical exclusion, is not a problem of the developing world alone.
Author
Vinita Godinho, Roslyn Russell and Supriya Singh