Observational analysis illustrates how digital platforms improve access to education and financial services, suggesting they can reduce socio-economic inequalities.
The paper explores the disruptive nature of digital platforms as tools of inclusive economic engagement, and specifically to the marginalized communities who have traditionally lacked access to mainstream economic gains. These platforms provide new channels of participation that can break structural inequalities that have persisted in traditional setups in an age where digital innovation is forming the new access to markets, financial services, education, and healthcare. Exploring the intersection of technology and social equity, this study will unravel how digital platforms can be used as enablers and equalizers in entrepreneurship, access to affordable financial services, and enhancing the access to necessary services like education and medical services. The paper has also highlighted the advantages of a digital platform alongside the process by which such platforms operate such as reduced entry barriers, network effects, and increased information accessibility. The research is meant to deliver actionable information to address the question of how digital platforms can be used systematically to ensure that socio-economic inequalities are reduced, lessen reliance on underserved populations, and be useful toward more extensive goals of sustainable and equitable growth, by employing both empirical evidence and case studies in a multi-dimensional analysis.
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Abdullahi et al. (2023) studied this question.
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