The Influence of Financial Inclusion on Economic Development in Indonesia: A Literature Study in Developing Countries
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Abstract
Financial inclusion has become a crucial catalyst for economic growth, especially in emerging economies. This
research aims to examine how financial inclusion influences economic development by conducting an in-depth
analysis of current scholarly works. In recent years, financial inclusion has garnered significant attention in the global
development discourse, with Indonesia being no exception. By facilitating access to formal financial systems, it
empowers individuals to participate in more fruitful economic activities. Employing a literature review methodology,
this research synthesizes insights from secondary sources such as scholarly journals, books, and research reports. The
findings underscore that financial inclusion significantly enhances societal well-being, fosters economic expansion,
and mitigates social disparities. Nevertheless, challenges like inadequate financial literacy and limited infrastructure
persist as critical barriers in developing regions. Consequently, an integrated approach is essential to address these
hurdles and fully harness the transformative potential of financial inclusion.
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