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The political economy of financial inclusion: tailoring donor policy to fit
Author(s) -
Johnson Susan,
Williams Richard
Publication year - 2016
Publication title -
development policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.671
H-Index - 61
eISSN - 1467-7679
pISSN - 0950-6764
DOI - 10.1111/dpr.12170
Subject(s) - financial inclusion , inclusion (mineral) , scope (computer science) , politics , context (archaeology) , order (exchange) , government (linguistics) , economics , political economy , public policy , space (punctuation) , economic system , political science , finance , financial services , economic growth , sociology , social science , paleontology , linguistics , philosophy , computer science , biology , programming language , law
Financial inclusion has recently become a globally acclaimed policy objective. This provokes the need to review policy in this sector, particularly in light of the tensions that arise between donor approaches founded on market modernism and governments with more activist leanings. This is done here in the context of efforts to move donor development policy beyond ‘best practice’ institutional blue‐prints to those which are ‘good enough’, which seek to understand underlying political economy dynamics in order to find space to engage with governments. In doing so, it is argued that there is scope for ‘working with the grain’ and harnessing the political economy of government policy in order to produce financial inclusion outcomes.