The Role of Financial Inclusion in Human Capital Development in the Context of Digitalization

Abstract

Digital changes that are rapidly covering the economy and everyday life are gradually changing the idea of what human development depends on. In this context, financial inclusion ceases to be an abstract characteristic of the financial system and acquires applied significance, because it is it that determines whether a person can accumulate resources, invest in his own development and respond to economic challenges. That is why the question of the role of financial inclusion in the development of human capital goes beyond purely economic issues and acquires systemic significance, covering educational, social and technological dimensions. The purpose of the presented work is to determine the special role of financial inclusion in the development of human capital in the conditions of digitalization. The main research methods are: methods of analysis and synthesis to determine the features of financial inclusion and human capital development in modern conditions of digital transformations; methods of induction and deduction; logical method; generalization method; mathematical methods to confirm and substantiate the presented research hypotheses; graphical method to visually display individual research results. The spread of digital services opens up new opportunities for involving broad segments of the population in financial relations, but at the same time widens the gap between those who are able to use them effectively and those who remain on the sidelines. As a result, financial inclusion becomes not just an element of economic policy, but one of the key factors in the formation of human capital, affecting the quality of life, the level of mobility and the ability of society to develop long-term in the conditions of digitalization.