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New financial technologies in China and Brazil and their implications for inclusive economic growth


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Publisher: Institute for Technology and Society of Rio (ITS Rio)

Author: Laís Bueno Sachs

Yenching Academy | Contemporary Chinese Studies

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During the last decade, a whole new set digital technology has been spread in the financial world and transformed it. Digital Wallets, Electronic Payment Systems, Digital cash, Cryptocurrencies, for instance, are affecting the way entire societies deal with money and investments. China and Brazil, in this context, are not exceptions. Indeed, both the Chinese and the Brazilian economies are under intense transformation as a result of the rise of these new digital technologies applied to the financial sector.

In pursuance of a better understand of the digital economic environments that are emerging in these countries, this dissertation discusses the following research questions:

i. “Do new financial technologies boost Inclusive Economic Growth in developing countries?” and

ii. “What are the major factors affecting the adoption of these new financial technologies?


After discussing these two questions, it is hoped that some insights can be provided lightning up how the implementation of new financial technologies – electronic payment platforms in special – can contribute for Inclusive Economic Growth. In other words, it is aimed that this dissertation will bring new information and qualitative analysis of the relation between economic growth, economic inclusiveness and new digital financial technologies.

Download the thesis here.

Dec 18, 2018Updated: Jan 10, 2019
Dec 18, 2018Updated: Jan 10, 2019
During the last decade, a new set of technology has been spread in the financial world and transformed it. Digital Wallets, Electronic Payment Systems, Digital cash, Cryptocurrencies, for instance, are changing the way people, institution and companies deal with money.
Dec 18, 2018Updated: Jan 10, 2019
For hundreds of years, many economists, politicians and scholars have discussed about the government’s role in a country’s economy. Should the State intervene in the market? Was this intervention necessary or should governments leave the market and its invisible hand regulate?
Dec 18, 2018Updated: Jan 10, 2019
The very first assumption is related with humans’ rational nature: Human Beings are considered rational individuals that try to allocate rationally and efficiently their scarce sources such as time, money, and skills. Of course human beings do not act based on their rational.
Dec 17, 2018Updated: Jan 10, 2019
this chapter aims to present the definition of some cornerstone concepts for this thesis such as FinTech, E-payment, m-payment systems, and Peer-to-Peer lending.
Dec 18, 2018Updated: Jan 10, 2019
During the last years, China has become the world’s FinTech Market leader. Peer to peer lending, digital payment and wealth management are the main sub-areas in which Chinese FinTech companies are investing in the most so far.
Dec 18, 2018Updated: Jan 10, 2019
Ant Financial Services Group is the official name of the company that, since 2014, is responsible for managing all financial services from the Alibaba Group, including, Alipay and Yu’E Bao
Dec 18, 2018Updated: Jan 10, 2019
Although some so-called “FinTech” companies emerged as early as 2009, just in 2014 the sector started to experience a significant growth – both in the number of companies being created and in the amount of money invested and generated.
Dec 18, 2018Updated: Jan 10, 2019
In addition, some other characteristics of the credit and debit card market in Brazil should also be taken into consideration: there are big fat fees that sellers have to pay for the credit and debit card issuers (the banks) and for the “acquirers”
Dec 18, 2018Updated: Jan 10, 2019
Determining whether new financial technologies influence Inclusive Economic Growth in developing countries is not an easy task. So far, the emergence of both Chinese and Brazilian FinTech sectors were addressed.
Dec 18, 2018Updated: Jan 10, 2019
For centuries, economists, political scientists, politicians and other professionals have tried to understand what variables lead to economic growth and whether governments should intervene in the market to promote this growth or not.
Dec 18, 2018Updated: Jan 10, 2019
Dec 18, 2018Updated: Jan 10, 2019
Dec 20, 2018
Dec 18, 2018