Digital Literacy Skills and Digital Financial Inclusion toward Socio-Economic Development : A proposed framework
DOI:
https://doi.org/10.21834/e-bpj.v10iSI27.6829Keywords:
Digital Literacy, Digital Financial Inclusion, Socio-Economy, B40 groupsAbstract
Digital literacy and financial inclusion are pivotal for fostering economic growth in digital transformation, particularly among the B40 group in Malaysia. Previous studies found that, despite the socio-economic challenges faced by this group, there is a gap in digital literacy and financial inclusion towards socio-economic development. Therefore, this paper aims to propose a framework of digital literacy skills and digital financial inclusion towards socio-economic development that covers independent variables, namely, technical, cognitive, ethical, and socio-emotional, and dependent variables, digital financial inclusion and socio-economic development. It is hoped to support the Sustainable Development Goals agenda by UNESCO 2030.
References
Bolatova, T., & Law, M. R. (2019). Income-related disparities in private prescription drug coverage in Canada. CMAJ Open, 7(4), E618–E623. https://doi.org/10.9778/cmajo.20190085 DOI: https://doi.org/10.9778/cmajo.20190085
Chompa, M. Y. (2022). Understanding of Women Empowerment and Socio- economic Development: A Conceptual Analysis. Patan-pragya, 10(01), 135–144. https://doi.org/10.3126/pragya.v10i01.50644 DOI: https://doi.org/10.3126/pragya.v10i01.50644
Department of Statistics Malaysia. (2020). Malaysia - Household Income & Expenditure | OpenDOSM. OpenDOSM. https://open.dosm.gov.my/dashboard/household-income-expenditure
Economic Planning Unit. (2020). Welcome to | Official Portal of Ministry of Economy. Ministry of Economy. https://www.ekonomi.gov.my/en
Fatima, M. (2021). Ethical skills needed by engineers to face future's challenges. IEEE Xplore. https://doi.org/10.1109/CISPEE47794.2021.9507244 DOI: https://doi.org/10.1109/CISPEE47794.2021.9507244
Ishfaq, N., Qamri, G. M., Ajmal, Z., Khan, Q. R., & Akbar, A. (2024). Investigation of causal linkages between financial development and economic growth: Evidence from Paki-stan. iRASD Journal of Economics, 6(1), 10–26. https://doi.org/10.52131/joe.2024.0601.0191 DOI: https://doi.org/10.52131/joe.2024.0601.0191
Kaur, S. (2021). The plight of urban poor in Selangor: A case study of Petaling Jaya. Journal of Urban Studies, 10(2), 45-59.
Kaya, H. D. (2021). How do the Banking Systems of High Income Countries differ from others? Financial Markets, Institutions and Risks, 5(1), 42–49. https://doi.org/10.21272/fmir.5(1).42-49.2021 DOI: https://doi.org/10.21272/fmir.5(1).42-49.2021
Kusumastuti, A., & Nuryani, A. (2020). Digital Literacy Levels in ASEAN (comparative study on ASEAN countries). Proceedings of the Proceedings of the 13th International Inter-disciplinary Studies Seminar, IISS 2019, 30-31 October 2019, Malang, Indonesia. https://doi.org/10.4108/eai.23-10-2019.2293047 DOI: https://doi.org/10.4108/eai.23-10-2019.2293047
Lee, H. (2023). Challenges faced by low-income families in Shah Alam. Selangor Times, 12(4), 22-25.
Li, Y., Yang, H., & Luo, L. (2021). Poverty exposure and cognitive abilities of children in rural China: Causation and the roles of family investments. Children and Youth Services Review, 121, 105747. https://doi.org/10.1016/j.childyouth.2020.105747 DOI: https://doi.org/10.1016/j.childyouth.2020.105747
Lukovych, T. V., & Leshenok, U. S. (2021). System of Indicators for living conditions of the population at the local level: principles of organization and use. Demografìâ Ta Socìalʹna Ekonomìka, 1, 101–116. https://doi.org/10.15407/dse2021.01.101 DOI: https://doi.org/10.15407/dse2021.01.101
Michael, F. L., & Salleh, S. F. (2021). National Sustainability Planning in Malaysia. In Springer eBooks (pp. 1–20). https://doi.org/10.1007/978-3-030-38948-2_87-1 DOI: https://doi.org/10.1007/978-3-030-38948-2_87-1
Norasikin, N. N. K., & Azhar, N. a. Z. a. M. (2024). The Factors Affecting Poverty in Malaysia: Macroeconomic Perspectives. Advances in Social Sciences Research Journal, 11(2.2), 457–468. https://doi.org/10.14738/assrj.112.2.16411 DOI: https://doi.org/10.14738/assrj.112.2.16411
Noordin, N. H. (2024). Assessing information literacy levels among underprivileged communities. Journal of Media Literacy Education, 16(2), 85–97. https://doi.org/10.23860/jmle-2024-16-2-7 DOI: https://doi.org/10.23860/JMLE-2024-16-2-7
Portela-Pino, I., Alvariñas-Villaverde, M., & Pino-Juste, M. (2021). Socio-emotional skills in adolescence. influence of personal and extracurricular variables. International Journal of Environmental Research and Public Health, 18(9), 4811. https://doi.org/10.3390/ijerph18094811 DOI: https://doi.org/10.3390/ijerph18094811
Shafizan, M. (2022). Digital literacy practices in Malaysia: Bridging the gap for the B40 group. Malaysian Journal of Digital Literacy, 10(3), 78-92.
Shirinov, B., & Salamova, I. (2024). The Method of Determining the Optimal Number Of Groups In The Study Of Socio-Economic Phenomena. Ekonomìka Transportnogo Kompleksu, 43, 144. https://doi.org/10.30977/etk.2225-2304.2024.43.144 DOI: https://doi.org/10.30977/ETK.2225-2304.2024.43.144
Surianarayanan, C. (2019). An introduction to Digital Transformation Technologies. International Journal of Industrial Engineering Research and Development, 10(2). https://doi.org/10.34218/ijaret.11.2.2020.040 DOI: https://doi.org/10.34218/IJARET.11.2.2020.040
Tsouli, D. (2022). Financial Inclusion, poverty, and income inequality: Evidence from European countries. Ekonomika, 101(1), 37–61. https://doi.org/10.15388/ekon.2022.101.1.3 DOI: https://doi.org/10.15388/Ekon.2022.101.1.3
United Nations. (2020, December 15). Human Development Report 2020. Human Development Reports. https://hdr.undp.org/content/human-development-report-2020
Venkatesh, G. (2021). Sustainable development goals – Quo vadis, cities of the world? Problemy Ekorozwoju, 16(1), 171–179. https://doi.org/10.35784/pe.2021.1.18 DOI: https://doi.org/10.35784/pe.2021.1.18
Wang, Q., Liu, C., & Lan, S. (2022). Digital Literacy and financial market participation of middle-aged and elderly adults in China. Economic and Political Studies, 11(4), 441–468. https://doi.org/10.1080/20954816.2022.2115191 DOI: https://doi.org/10.1080/20954816.2022.2115191
Кудлай, В. О. (2019). Formation Of Digital Literacy in The Modern Information Space. Zapiski Z Ukraïnsʹkogo Movoznavstva, 2(26), 160–168. https://doi.org/10.18524/2414-0627.2019.26.181707 DOI: https://doi.org/10.18524/2414-0627.2019.26.181707
Liotta, L. A. (2023). Digitalization and Social Inclusion: Bridging the digital divide in under-privileged communities. Global International Journal of Innovative Research, 1(1), 7–14. https://doi.org/10.59613/global.v1i1.2 DOI: https://doi.org/10.59613/global.v1i1.2
Laskar, M. H. (2023). Examining the emergence of digital society and the digital divide in India: A comparative evaluation between urban and rural areas. Frontiers in Sociology, 8. https://doi.org/10.3389/fsoc.2023.1145221 DOI: https://doi.org/10.3389/fsoc.2023.1145221
Omar, F. I., Hasim, N. H. N., & Zan, U. M. S. M. (2023). The Implication of Digital Inclu-sion Needs towards Empowerment of B40 Entrepreneurs in Selangor. International Journal of Academic Research in Business and Social Sciences, 13(15). https://doi.org/10.6007/ijarbss/v13-i15/1881 DOI: https://doi.org/10.6007/IJARBSS/v13-i15/18817
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Naily Irdina Iman Mohammad Nazim, Shamila Mohamed Shuhidan, Husain Hashim, Mohd Saiful Rahman
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
