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Design options for a sustainable financial sector: Lessons from inclusive banking experiments

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Date
2015
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United Nations Environment Programme
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RT Generic T1 Design options for a sustainable financial sector: Lessons from inclusive banking experiments A1 United Nations Environment Programme YR 2015 LK https://wedocs.unep.org/20.500.11822/9741 PB UNEP AB
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TY - GEN T1 - Design options for a sustainable financial sector: Lessons from inclusive banking experiments AU - United Nations Environment Programme Y1 - 2015 UR - https://wedocs.unep.org/20.500.11822/9741 PB - UNEP AB -
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@misc{20.500.11822_9741 author = {United Nations Environment Programme}, title = {Design options for a sustainable financial sector: Lessons from inclusive banking experiments}, year = {2015}, abstract = {}, url = {https://wedocs.unep.org/20.500.11822/9741} }
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@misc{20.500.11822_9741 author = {United Nations Environment Programme}, title = {Design options for a sustainable financial sector: Lessons from inclusive banking experiments}, year = {2015}, abstract = {}, url = {https://wedocs.unep.org/20.500.11822/9741} }
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TY - GEN T1 - Design options for a sustainable financial sector: Lessons from inclusive banking experiments AU - United Nations Environment Programme UR - https://wedocs.unep.org/20.500.11822/9741 PB - UNEP AB -
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Over 200 years ago, Adam Smith put forward the notion that individuals seeking to benefit themselves through trade were led as if by an invisible hand to a situation in which society as a whole could benefit. It can be argued, however, that social objectives such as sustainability, and inclusiveness, do not emerge spontaneously through market forces. Such outcomes have to be designed through legal structures and institutions. In other words, for the invisible hand to operate, there needs to be a visible hand behind it. The financial inclusion experiment in South Africa provides lessons for the design of the type of financial sector required for the transition from greed to green. "
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https://wedocs.unep.org/20.500.11822/9741
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