Journal of World Economy

The Effect of Financial Literacy on Financial Growth Among Microfinance Clients

Ayuk Takemeyang, Chuo Joshua Njuh, Tambi Andison Akpor — Tue, 24 Feb 2026 00:00:00 +0000

Purpose: The purpose of this paper is to examines the effect of financial literacy on financial growth among microfinance clients in Manyu Division, Cameroon. Design/Methodology/Approach: It employed a descriptive and causal-comparative research design and deductive approach. This study gathered primary data from 412 micro finance clients in Manyu Division, Cameroon, using a Likert scale questionnaire and non-probability convenience sampling. Descriptive analysis, Pearson correlation and multiple linear regression models were applied to examine the role of financial literacy on financial growth among microfinance clients in Manyu Division. Findings: The findings indicate that the independent variables accounted for 63.75 percent of the variation in the dependent variable, demonstrating a significant link between financial literacy and financial growth. The results showed that all independent variables played a significant role in driving financial growth and influencing the financial development of microfinance members. Each independent variable demonstrated a positive relationship with the dependent variable. Specifically, financial knowledge, financial behaviour, and financial planning concluded a positive and statistically significant influence on financial growth. Practical Implications: The findings underscore the importance of these factors in promoting financial growth, emphasizing that targeted financial education programs can enhance clients’ financial wellbeing, inform policy decisions, and improved microfinance institutions services. Originality/Value: The originality/value of this study lies in its context-specific focus, targeting microfinance clients, an often-underserved population and providing data-driven insights to inform policy and practice.

Economic Growth of a Nation Depends on the Optimum Utilization of Vegetables: A Study of Unified Vegetable Command Structure in India Through Integrated Multipurpose Multilevel Warehousing Model

Prof. G. V. R. Sastry, Prof. Rishi Kumar — Fri, 20 Mar 2026 00:00:00 +0000

Vegetables occupy a central position in nutrition security because they supply essential vitamins, minerals, and antioxidants that safeguard human health. Their role extends beyond dietary well‑being to economic development, particularly in countries like India, which is the world’s second‑largest producer of vegetables. Despite this scale of production, inefficiencies in storage, distribution, and supply‑chain management continue to limit the sector’s potential. This study investigates how vegetables contribute to national economic growth and proposes a unified command framework supported by multipurpose, multilevel warehousing systems strategically located across India, including coastal corridors. Such infrastructure is designed to streamline logistics, reduce transit delays, and minimize post‑harvest losses, while ensuring consistent quality and availability in retail markets. Evidence suggests that integrated cold‑chain and warehousing facilities can cut distribution time nearly in half, lower wastage by more than 60 percent, and extend shelf life significantly. These improvements not only stabilize consumer prices but also enhance farmer incomes and strengthen market competitiveness. The findings highlight that modernized vegetable supply chains are not merely agricultural interventions but critical drivers of inclusive and sustainable economic growth.

Aspects of Monetization of Various Spheres of Activity Using Artificial Intelligence Systems

Evgeny Bryndin — Wed, 08 Apr 2026 00:00:00 +0000

Monetization of various industries using intelligent systems involves using different monetization models, creating suitable artificial intelligence systems, developing a strategy, and evaluating effectiveness. There are many monetization options, depending on the type of product and industry specifics. This allows companies to build a regular user base and guaranteed revenue, as well as retain them by developing new products and offering a wide selection. Companies in one industry try to adhere to the generally accepted rules that users are accustomed to; otherwise, it is difficult to transition them to a different format. Some companies use mixed monetization models. For example, a user on Ozon pays the cost of delivery to their city, but the marketplace offers them a premium plan, a monthly subscription, and receives more favorable delivery terms and other bonuses, while sellers pay Ozon a commission—these are different monetization methods. After launching monetization, it is important to track key metrics to understand the success of your strategy. Regular data analysis allows for flexible strategy changes, testing, and selection of effective intelligent systems, formats, and tariffs, maximizing overall monetization efficiency.

An Empirical Analysis on the Improvement of Informatization Management Efficiency of Small and Micro Enterprises

Nini Zhang — Mon, 11 May 2026 00:00:00 +0000

Small and micro enterprises are the core component of China’s market economy entities, but they have long been constrained by extensive management, low efficiency, and high costs. Informatization is a critical path to break through the management bottlenecks of small and micro enterprises. Based on the TOE framework, resource-based view, and transaction cost theory, this paper constructs a theoretical model of “Informatization — Intermediary Mechanism — Management Efficiency”. Using balanced panel data of 302 small and micro enterprises in Yulin and Guigang, Guangxi from 2021 to 2025 as samples, it empirically examines the causal effect, transmission mechanism, and constraints of informatization on management efficiency by combining DEA‑BCC, SFA, PSM‑DID, chain mediation, moderating effect, and threshold regression.

The study finds that: informatization has a significant positive causal effect on the management efficiency of small and micro enterprises, with an average increase of 18.72% in comprehensive efficiency; the efficiency gain of system collaboration is 2.13 times that of single system application, and every 10% increase in process digitalization coverage improves management efficiency by 3.41%; informatization achieves efficiency improvement by reducing transaction costs, shortening operation cycles, and accelerating decision-making speed, with the mediating contributions of the three being 32.6%, 41.1%, and 26.3% respectively; digital literacy and institutional adaptation have significant positive moderating effects; and there are clear effective thresholds: investment intensity ≥2.51%, system coverage ≥50%, collaboration degree ≥0.3, below which there is no significant efficiency gain. This paper provides rigorous empirical evidence and operable paths for lightweight, low-cost, and high-efficiency informatization of small and micro enterprises.

From Rule Takers to Emerging Architects: Uganda, the East African Community, and Structural Constraints in Global Tax Governance

Kikomeko Joseph, Andrew Kyambadde, Dr. Japheth Teya Nyangenya — Fri, 15 May 2026 00:00:00 +0000

This study analyzes Uganda and the East African Community’s (EAC) positioning within the evolving architecture of global tax governance, specifically focusing on the Base Erosion and Profit Shifting (BEPS) and Two-Pillar solutions. This research utilizes a structural power theoretical lens and a qualitative exploratory case study design to examine how institutional asymmetries and technical capacity constraints influence the bargaining power of developing nations. Data were collected through key informant interviews with tax policymakers and analysis of policy documents. The findings reveal that, despite formal inclusion in the OECD Inclusive Framework, Uganda and the EAC remain “rule-takers” due to dominant expert networks and complex administrative demands of new standards like Pillar Two. The study concludes that without significant investment in domestic technical capacity and enhanced regional coordination, fiscal sovereignty will remain elusive. It is recommended that Uganda prioritize South-South cooperation through ATAF and advocate for simplified tax rules suitable for low-capacity administrations.