It is therefore evident that financial inclusion empowers poor households and small enterprises by bringing them into the mainstream economy thereby reducing extreme levels of poverty and inequality. There is also evidence, based on a number of research work, that financial inclusion promotes economic development, especially for women, and that financially empowered women are more likely to improve social welfare.
But there is also a longer-term payoff that can come from encouraging flexibility. When policies provide the right environment for entrepreneurship to flourish, economies can adapt to longer-term global economic forces and continuously exploit their comparative advantages. Consider some of the iconic firms here in the United States, and how a company such as IBM has evolved.