Vol 3 No 1 (2025)

• Financial Inclusion in Developing Countries

  Cep Jandi Anwar, Maisya Fitri, Deswita Herlina, Indra Suhendra

  Financial inclusion has emerged as a priority, for developing nations with the goal of improving the well-being of communities through ensuring availability of formal financial services and institutions that are customized to meet the requirements and capabilities of local residents. This research delves into the analysis of financial inclusion patterns in 41 developing countries spanning from 2010 to 2023. Pinpoints factors contributing to enhanced financial access. Through an exploration of trends and hurdles faced in this area this study underscores the significance of systems, in driving economic advancement alleviating poverty and nurturing socio-economic equilibrium. The study highlights the importance of implementing policies that promote knowledge and literacy while fostering advancements and establishing regulatory frameworks to enhance financial inclusion.

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• From Governance to Growth: Exploring Political Systems’ Impact on Economic Competitiveness

  Natália Teixeira

  Political systems profoundly influence the economic growth and competitiveness of nations. This review article synthesizes recent scholarly research to explore how political stability, institutional quality, and public policy formulation interact to shape economic outcomes. Political stability reduces uncertainty, bolsters investor confidence, and attracts foreign direct investment, thereby enhancing economic resilience and global competitiveness. In contrast, political instability leads to reduced innovation, weakened institutional efficiency, and capital flight, undermining long-term growth prospects. Institutional quality emerges as a cornerstone for sustainable development, fostering transparency, accountability, and governance efficiency. Countries with robust institutions benefit from greater sectoral diversification, higher levels of innovation, and a conducive environment for evidence-based policymaking. The role of public policy formulation is equally critical, as collaborative, and transparent policy making fosters innovation and enables the coordination of public and private initiatives, essential for navigating complex global economic challenges. The article also highlights the limitations of authoritarian systems, which, while capable of short-term growth, often falter due to corruption and inefficiencies. In contrast, inclusive and participatory governance structures contribute to higher levels of trust, predictability, and policy alignment with market dynamics. By connecting these dimensions, this article provides a cohesive framework that underscores the interplay between governance structures and economic growth, offering actionable insights for policymakers and scholars. The findings emphasize the importance of stable political environments, resilient institutions, and transparent policy frameworks in ensuring sustainable economic advancement. Future research directions include exploring the implications of digital governance and geopolitical shifts on political systems and their economic ramifications.

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