Essays on The Functionality of Financial Inclusion as a Conceptual Foundation for Development in Australia Research Proposal

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The paper "The Functionality of Financial Inclusion as a Conceptual Foundation for Development in Australia" is a good example of a finance and accounting research proposal.   Most economies are said to comprise a huge gap between high and income earners. There are numerous factors that contribute to that situation. Most of these factors are prevalent and common in most regions regardless of whether it is the west or east, across the globe. This proposal is a conceptualized outline of intended research on contemporary trends in the finance world in conjunction with the impacts on the economy.

Most importantly, the issue at hand is an ongoing trend in most countries across the world. Therefore, there is abundant of concepts and understanding amongst the stakeholders of the project if it is approved for enactment. The research proposal comprises some detrimental elements to guide the successful completion of the project. The proposal commences with a brief background, as well as the purpose of the research project. That includes the research questions. Then, it will depict the preferred research methodologies and techniques that will be used in the research project.

The proposal will also create an elaborate outline of the research process. That comprises a description of the data collection and analysis methods to be used in the research. Ultimately, the introductory proposal will feature the expected research outcomes, the significance, and the rationale. These subsections are essential in the entirety of developing the literature review. Background Financial inclusion can be diagnosed as the process where there is a facilitated extension to all members of the society with adequate access to financial support mechanism. The main idea of financial inclusion in any economy is to ensure that people ‘ get ahead’ rather than just ‘ getting by’ .

The idea of financial inclusion could apply to both the developing and the developing countries. It all depends on the kind of policies and regulations that the financial systems in the countries establish. Prior to the provision of a picture of financially excluded people in Australia, it is detrimental to highlight some limitations that already exist. First, there is a feasibility that it is agreed that financial exclusion is not static, but can occur at specific periods during the life course and different scopes of finance.

That is when the statistical data is deemed always to fall short of capturing the entire picture. It also lacks disaggregated, as well as, updated statistics that would facilitate detailed analysis and monitoring of the financial exclusion with regards to the factor of time. In the context of carrying out the research, the major issues should put into consideration some imperative aspects and features of financial inclusion and the target population. For instance, like social inclusion, financial inclusion demands to be grounded in social and economic context for it garners policy relevance.

A wide scope of studies on the wellbeing and happiness have established that these subjective attributes get influenced by our relationship with the context that most people live and even socialize. From a statistical point of understanding, Australia’ s recent data from the year 2008 ANZ financial literacy survey concluded that approximately 97 percent of the respondents did live on and possessed an ordinary everyday banking account (Arashiro, 2010). The measurement parameters in Australia show that most of the people in Australia are suffering from anxiety.

The anxiety features in whether there is a feasible outline of inclusion financial platform, knowing that the approach is one channel towards developing a stable economy in the region.


Arashiro, Z. 2010, Financial inclusion in Australia: Towards transformative policy. Brotherhood of St Laurence.
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