Testing Hypothesis on Theory of Social Networking, Community Banking and Empowerment of People: A Conceptual View
Psychology and Behavioral Sciences
Volume 6, Issue 5, October 2017, Pages: 96-104
Received: Jun. 12, 2017; Accepted: Jul. 4, 2017; Published: Oct. 18, 2017
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Author
Muhammad Mahboob Ali, Macro and Financial Economist and Entrepreneurship Dhaka School of Economics, University of Dhaka, Dhaka, Bangladesh
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Abstract
Poor and underprivileged people should come under the banking system so that equitable distribution and social justice can be achieved. Informal sector is playing vital role than formal sector of the country. Micro savings should under the working purview of the micro investment for which social networking and community banking is needed. Research question of the sturdy is whether social networking and community banking can transform micro savings to micro investment? The theory was developed for considering financial inclusion, to attain equitable distribution and social justice. A theory was developed by Ali (2016) which need to be tested. The theory was also interlinked with some goals of Sustainable development goal. The theory which is in a process of development by Muhammad Mahboob Ali on Social networking, community banking and empowerment of people may be empirically tested in different countries of the world and also at Bangladesh by various researchers to give a structural formation, cost-benefit analysis, shadow pricing, validation and reliability of the theory in the real life situation both global and domestic perspectives with a request to inform the result to the author. Macroeconomic effect on the economy will be optimistic concluded arranging community banking which will work as financial intermediate between micro savings and micro investment.
Keywords
Micro Savings, Macroeconomic Impact Community Banking, Social Networking, Empowerment of People, Gender Equality, Informal Sector JEL Classification: F62, G20
To cite this article
Muhammad Mahboob Ali, Testing Hypothesis on Theory of Social Networking, Community Banking and Empowerment of People: A Conceptual View, Psychology and Behavioral Sciences. Vol. 6, No. 5, 2017, pp. 96-104. doi: 10.11648/j.pbs.20170605.14
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Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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