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Article
Publication date: 22 May 2024

William H. Money and Katherine E. Money

This research paper takes a narrow approach to examining the apparent link between poverty and the resource extraction industries. However, it acknowledges that much more is to be…

Abstract

Purpose

This research paper takes a narrow approach to examining the apparent link between poverty and the resource extraction industries. However, it acknowledges that much more is to be explored about this relationship. Many complexities influence the occurrence and degree of poverty in a particular country, region, or community.

Design/methodology/approach

The literature review identified proposed and operational poverty reduction actions and processes categorized under the broad concept of community development projects. The surveyed cases describe how various corporate strategies, work processes, labor requirements and efficient management and governance solutions are purported to improve poverty-reduction efforts potentially.

Findings

No causal linkages between poverty and hypothetically valuable and successful community development projects were found. No poverty monitoring evaluations and learning data (MEL) for these projects were proposed and published in most of the literature. However, associations were observed between some business practices implemented in these resource extraction community development projects and observations of indicators of lower poverty levels.

Practical implications

The research improves our understanding of the requirements and opportunities for successful community development projects by highlighting processes, company strategy, human resource programs and enlightened governance that can contribute to reducing poverty.

Originality/value

The paper identifies the characteristics of community development projects that appear to span natural resource extraction industries and countries. Effective management strategies and representative and formally designated organisational governance boards are essential for these projects.

Details

Journal of Strategy and Management, vol. 18 no. 1
Type: Research Article
ISSN: 1755-425X

Keywords

Article
Publication date: 13 February 2025

Prihana Vasishta, Ankita Dhiman, Shagun Smith and Anju Singla

This study systematically reviews the role of decentralized finance (DeFi) in enhancing the quality, affordability, access and usage of financial services, specifically targeting…

Abstract

Purpose

This study systematically reviews the role of decentralized finance (DeFi) in enhancing the quality, affordability, access and usage of financial services, specifically targeting underserved populations. The aim is to investigate DeFi’s potential in addressing financial exclusion and promoting global financial inclusion.

Design/methodology/approach

A systematic literature review was conducted, analyzing 67 peer-reviewed articles. The review focused on extracting actionable insights and recommendations regarding DeFi’s impact on financial inclusion.

Findings

The study reveals that DeFi, through the utilization of blockchain technology, can significantly improve accessibility, affordability and usability of financial services. By eliminating intermediaries and reducing entry barriers, DeFi platforms democratize finance and support financial inclusion on a global scale. The research identifies specific mechanisms through which DeFi can enhance financial services for marginalized communities, including decentralized lending, digital wallets and blockchain-based remittances.

Research limitations/implications

The study is constrained by the current literature and data availability on DeFi’s impact on financial inclusion. Future research should explore the scalability, sustainability and long-term effects of DeFi solutions in diverse contexts.

Originality/value

This research uniquely contributes to the literature by examining the intersection of DeFi and financial inclusion, providing innovative approaches to overcoming financial exclusion. The study highlights DeFi’s potential to transform financial services and empower underserved populations economically.

Details

Journal of Economic and Administrative Sciences, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2054-6238

Keywords

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